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Article
Turkey, you were doing so well!
An economic success story runs off the rails.
Noah Smith,
2022
Recommendation
A manufacturing miracle with a wealthy European customer base, Turkey has markedly improved the living standards of its people since 2001. Yet populism and policy blunders are marring its economic success. In this incisive analysis, economist Noah Smith reveals how excessive borrowing for high-risk, low-yielding political projects, along with the nativist leanings of the Erdoğan government, are undermining the country’s economy. Smith outlines the potential remedies Turkey could employ before it’s too late.
Summary
About the Author
Noah Smith writes “Noahpinion,” a blog about economic events.
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