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  • August 2012 (Revised November 2017)
  • Case
  • HBS Case Collection

Turkey—A Work in Progress?

By: Richard H.K. Vietor
  • Format:Print
  • | Language:English
  • | Pages:31
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Abstract

For the past 10 years, Turkey has grown its real GDP at about 6% annually. This came after a huge debt crisis in 2001-02, wherein Turkey had to borrow $16 billion more from the IMF and comport with its difficult conditionality. Today, Turkey is a middle-income country, in search of an effective development strategy. It tends to run high inflation with a devalued currency, despite massive capital inflows and a huge current account deficit. At home, the government has carefully managed between Islamicization, democracy and secularism. And abroad, it deals with a difficult neighborhood—Syria, Iran, Iraq, Israel (not to mention Russia, Europe and the USA). Prime Minister Erdogan is trying to rewrite the Constitution before 2014 when the next election occurs.

Keywords

Turkey; Economy; Macroeconomics; International Relations; Growth and Development Strategy; Turkey

Citation

Vietor, Richard H.K. "Turkey—A Work in Progress?" Harvard Business School Case 713-018, August 2012. (Revised November 2017.)
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About The Author

Richard H.K. Vietor

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Related Work

    • February 2013
    • Faculty Research

    Turkey—A Work in Progress? (TN)

    By: Richard H.K. Vietor
    • August 2012 (Revised November 2017)
    • Faculty Research

    Turkey—A Work in Progress?

    By: Richard H.K. Vietor
Related Work
  • Turkey—A Work in Progress? (TN) By: Richard H.K. Vietor
  • Turkey—A Work in Progress? By: Richard H.K. Vietor
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