The Outlook of Foreign Direct Investment
Turkey is running a large current account deficit and is a big borrower from abroad as the deficit roughly accounts for 6% of the country’s total GDP and short-term foreign debt stock hits $130 billion. Under such circumstances foreign capital would suppress the rising concerns around the country’s debt. However, Turkey seems to be less attractive to consistently high foreign direct investments leaving the country less able to deal with the stress on its financial system.
The...
Turkey Labour Market: Virtue or Slavery ?
Demonstrations staging protests in an attempt to mold public opinion about bad working conditions are often-seen events in Turkey. The OECD stats literally support them.
The chart above clarifies that Turkish people extremely work hard in relative to other OECD countries and beat others with a huge spread in term of working hours. The percentage of employees working 50 hours or more a week is 46%, highly above OCED average of 13%. This data is...