2 thoughts on “Turkey, Unraveling”

  1. I journeyed across western Turkey a few weeks ago, primarily to explore the region’s unrivaled sites from antiquity but also to observe modern Turkish society. I think Goldman is overstating his case, even if Turkey suffers a near-term debt or currency crisis.

    Their is a reason that emerging market analysts place Turkey in the CIVETS cohort, the next wave of countries to accelerate growth after the BRICs.

    While both main political parties these days (Erdogan’s AK and the CH) outdo themselves overstepping Attatrurk’s separation of mosque and state, it seemed to my eyes that the day to day life of the average Turk, or disaffected Kurd, is far, far removed from the Islamist world of the Brotherhood’s reach in modern Egypt or the Ayahtollah’s strangelhold in Iran.

    Also, the infrastructural investments that Turkey has realized – highway, rail, port, power generation – through troubled debt financing or otherwise, have really put this Ottoman rump on strong base for future economic growth.

    Compared to other parts of the region already in the European Union, I’d expect Turkey, for demographic and other advantages, to soon out perform the block. As long as it is generally stable, its geography has kept it relevant for 1000s of years.

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