By Recep Erçin* The Turkish economy has suffered three major currency crises since a difficult turn was taken, the country abandoning its growth model dependent on foreign capital flow. The first crisis took place in August 2018, and was triggered by the Pastor Brunson crisis. The second shock began in the autumn of 2020 with the dismissal of the Governor ...
The World Association of Political Economy (WAPE) has organized in cooperation with the Shanghai International Studies University (SISU) its 15th annual forum on December 18 and 19 in Shanghai, People’s Republic of China. The forum was titled this year “Rethinking economic analysis: Perspective of political economy”. Sessions were organized both online and in presence. More than 300 hundred speakers from ...
The author of these lines has an important difference in understanding the developments in China correctly. I have been living in Shanghai since 2011. I am in Turkey for one year due to pandemic. Therefore, I have the opportunity to look at the latest developments from the west of Asia. Our company in China is open. We regularly continue our ...
In his book “The Story of the Egyptian Economy”, well-known Egyptian economic thinker Jalal Amin emphasized that borrowing is an old and traditional behavior of the Egyptian government. Painful experience In this important book, which explains the development of debt in Egypt since the beginning of the modern Egyptian state, Amin said that during the 2 past centuries, Egypt witnessed ...
By analyzing China’s experience in poverty reduction, we can find solutions to the same questions in our own country as well as those affecting humanity at large. This article looks at China from the viewpoint of Turkey and our efforts to achieve success in our ‘Second War of Independence’. Since cooperation between Turkey and China is to the benefit of ...
Mid-April saw an explosion of protests across the United States calling for freedom of movement and a repeal of lockdown measures. In Kentucky, Washington, Minnesota, Colorado, Virginia, and Michigan, mass acts of civil disobedience in spite of the global pandemic have courted attention from the highest levels of government and the mainstream media. The protest organizers are a loose alliance ...
The coronavirus continues to test the limits of previous social systems. The virus affects everyone and every aspect of life. It has triggered the questioning of all conventional habits and stances concerning almost every aspect of life, from international relations to the organization of the nation-state, from social relationships to the economy, the role of science and art in our ...
While futures contracts for WTI (West Texas Intermediate) crude oil in the US expired in May, the price of the WTI-type oil fell by more than 300% this week, the value dropping to negative 37.63 by contract holders avoiding physical delivery of the oil. Oil prices have fallen below zero for the first time in history in an environment where ...
BY BEYHAN YILDIRIM / BERLIN Chinese tech companies like Huawei, the inventor of 5G technology which has distinguished itself by outcompeting Western companies, have helped the government to take advantage of smartphones, user databases and GPS systems in the fight against the coronavirus. Now, Germany is looking at the technology that China used in its fight against the virus to ...
The coronavirus will go down in history as the political, social and an economic problem which revealed the true nature of the relationship between various states and their citizens… it should be clear by now that this is far more than a simple epidemic or healthcare crisis. Humanity, which entered the 21st century with the 9/11 attacks, is on the ...