Country Profile
From The Report: Turkey 2015
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Many have hailed Turkey’s growth over the past decade, and for good reason. The country averaged expansion of 5.4% between 2003 and 2013, one of the highest rates in the world. This was accompanied by drops in unemployment and poverty, as well as gains in school enrolment, home ownership and life expectancy. Since 2013, however, there has been a sharpening of disagreement over the direction of Turkey’s development and the role of its leaders and institutions, and the political discourse in early 2015 was dominated by the run-up to parliamentary elections in June.

This chapter contains a viewpoint from President Recep Tayyip Erdoğan.

Articles from this Chapter

Overview

Turkey records strong economic growth in last decade
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Many have hailed Turkey’s notable development performance over the past decade, and for good reason. The country averaged 5.4% growth between 2003 and 2013, one of the highest rates in the world. This was accompanied by drops in joblessness and poverty, as well as gains in school enrolment, home-ownership and life expectancy. Furthermore, in November 2012, the republic received its first investment-grade rating since 1994 – a testament to the success that policymakers have had in reducing sovereign…

Overview

Turkey pursuing economic development with an eye towards 2023 goals
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The country is now in the midst of a lengthy political cycle, with the local elections in March 2014 being followed in August by the country’s first-ever, direct presidential elections. 2015 will also see the country’s 18th general election, currently scheduled for June 7. Thus, these are very much political and busy times for Turkey, a characteristic given some edge by the turbulence of 2013, when the country saw a sharpening of disagreement over the direction of Turkey’s development and the…

Viewpoint

President Recep Tayyip Erdoğan, on his country’s economic rise
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Since the establishment of the republic in 1923, Turkey has been in a state of constant flux. Due to domestic and global developments, the country was marred by political and economic instability for decades. The economy was hindered by political setbacks, growth was underperforming and the country struggled with skyrocketing, chronic inflation. By the end of 2002, however, Turkey had entered a new era of stability, prosperity and economic development under the stewardship of the Justice and Development…