Improving the quality of business investment in Turkey

by Rauf Gonenc, Head of the Turkey Desk, OECD Economics Department Turkey’s business sector exhibits one of the highest investment rates among OECD countries. However, the 2018 Economic Survey of Turkey (OECD, 2018) suggests that the quality of investment could be enhanced by overcoming the fragmentation of the business sector and by improving the current … More Improving the quality of business investment in Turkey

Growth remains buoyant in Turkey but fundamentals need to be strengthened

by Volker Ziemann, Turkey Desk, OECD Economics Department Despite numerous headwinds and adverse shocks, Turkey’s real GDP has grown by more than 34% over the past 5 years, faster than any other OECD country except for Ireland and only slightly less than China and India. The revision of national accounts in early 2017 not only … More Growth remains buoyant in Turkey but fundamentals need to be strengthened

Reaping the benefits of global value chains to rebalance the Turkish economy

By Volker Ziemann, Economist, Turkey Desk, Country Studies Branch, OECD Economics Department The growing role of global value chains (GVCs) in international production processes is of critical importance for Turkey’s development. Participation in GVCs is one of the key drivers of successful productivity diffusion in a globalised world. Despite major progress, Turkey still lags behind … More Reaping the benefits of global value chains to rebalance the Turkish economy

Strengthening the Turkish manufacturing sector to rebalance growth

By Rauf Gonenc, Head of the Turkey Desk, Country Studies Branch, OECD Economics Department Turkey’s economy continued to grow strongly despite substantial domestic and regional headwinds. However, external imbalances have widened making the economy vulnerable to external shocks. The 2016 OECD Economic Survey of Turkey calls for rebalancing to alleviate the enduring tension between growth … More Strengthening the Turkish manufacturing sector to rebalance growth