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Discussion - Turkey Profile > Economy
These are comments that our moderators found as non-authoritative though possibly interesting for
further discussion on Turkey Profile > Economy
FIKRET BODUR (U.S.A)
17th January 2007 |
The information that is shown above is not updated as of january 2007. |
Rodney Finney
12th March 2005 |
Your figures are misleading due to the concentration of wealth by the banking system with a few owners of commercial businesses that concentrate wealth with the owner. Then by mixing types of business (intermediary, commercial, stock listed, unlisted, located in Turkey, abroad, disclosed & undisclosed) lending is concentrated with these firms and in support of their retail sales. There is little competition. Taxes and regulations are avoided and concentrated on small firms and individuals. This means that Turkey has a political democracy and a financial dictatorship. This explains the corruption, high interest rates and economic volatility due to flight capital capital. If you look at cash flows you will see how futile the African experiment is because the fundamental economic structures concentrate wealth with a few and increase corruption. Have fun, Rodney! |
Rachel
16th December 2004 |
we are mexicans, we are not north americans nor latin americans |
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