Why Turkey is Thriving
Turkey's economy grew by 5% per year on average from 2002 to 2012. But there is nothing flashy about the country's rise, which has been based on fundamentals, like rebuilding the banking sector, getting the budget under control, and investing heavily where it counts: infrastructure, education, health, and technology.
NEW YORK – A recent visit to Turkey reminded me of its enormous economic successes during the last decade. The economy has grown rapidly, inequality is declining, and innovation is on the rise.