China's new ambassador in Washington on revisionist powers—and why the United States is lucky: http://t.co/vxqeckOed6
10 minutes ago
Roubini Topic Archive: Sectors and Industries
-
Mayday on May Day in Turkey (and the U.S.)
As an avid fan of Beşiktaş sports club, I am used to regularly getting teargassed by the police. Therefore, I did not make a big deal of it when my friend told me he and his wife had been introduced to pepper spray on May Day. After all, as our interior minister noted some time [...]
-
Private Equity and the Turkish Zuckerberg
You don’t need to be an economist to know that Turkey is small and medium enterprise (SME) country; spending a weekend in the country would be more than enough. Unfortunately, only 20 percent of these companies last more than a decade, according to Kamil Yılmaz of Koç University. In his welcome speech to the conference [...]
-
Actual evidence on the Turkish disease:)
Being a columnist is tough. You write a column that you are really proud of. Then, you find out that you messed up!:( I actually wouldn’t say I messed up my latest Hurriyet Daily News column, which I posted here as well. But thanks to a reader, I realized I did not actually show evidence [...]
-
The Turkish Disease
The Economist coined the term “Dutch Disease” in 1977 to describe the decline of the manufacturing sector in Holland after the discovery of large North Sea natural gas deposits in 1959. Here is the opening sentence of my latest Hurriyet Daily News (HDN) column, where I introduce the Turkish Disease, which is a variant of [...]
-
Turkish data marathon deceives most
In Turkey, we have a “Turkish economy data week” once every three months, as quarterly National Income Accounts are released along with the monthly Balance of Payments and industrial production figures. Dec. 11’s October current account deficit did not get much attention, as it was in line with expectations. Markets were also still busy trying [...]
-
An economist’s field trip for credit: Why do Turkish corporates have huge open positions?
I have been talking to banks for the past month or so about a loan for our family business, which has led to some quite interesting observations. The intro. to my latest Hurriyet Daily News (HDN) column summarizes what the column is about rather well: I explain why it is very attractive to borrow in [...]
-
Basta with Turkish Monetary Policy: Doing Business in Turkey
I just realized that my last half a dozen or so Hurriyet Daily News columns and posts here have been on Turkish monetary policy, either directly or indirectly. In my defense, there was a lot of demand for that sort of analysis, as investors wanted to know how the Central Bank would respond to excessive [...]
-
Turkey Zindabad or, ‘in the bag’: Is Turkey getting investment grade soon?
Happy families are all alike; every unhappy family is unhappy in its own way. Here’s the intro. to my latest Hurriyet Daily News (HDN) column, where I use the Tolstoy analogy to discuss how Turkish upgrade rumors created an euphoric mood in markets last week, and whether those expectations are valid. Here is the summary [...]
-
Severance pay in Turkey: Chains binding capitalists and proletarians
One of the “best” things about Turkish severance pay is that it literally “binds” employers and employees, although not exactly in solidarity. Here’s the intro. to my latest Hurriyet Daily News (HDN) column, on Turkish severance pay reform. You can read the whole thing at the HDN website. For once, I don’t have a long [...]
-
More on TOKI, the Turkish Housing Development Administration
Monday’s Hurriyet Daily News (HDN) column, which I posted here at the blog as well, was very well-read. Not only it was the third most popular item on the HDN website (see the picture below for solid proof on my inflated ego- click to enlarge), it got shared in social media 68 times, which is [...]
