Reviewing the Turkish Economy’s Progress Over the Last Decade
The transformation of Turkey’s economy in the last decade was influenced by global dynamics. The government focused on fiscal discipline and stability after the financial crises of the early 2000s. Reforms were made in banking, public debt management, and regulatory agencies.
Turkey attracted significant foreign investment, especially before the global crisis of 2008. Privatization projects in key sectors like energy and telecommunications were successful. The economy showed high growth, low inflation, and strong public finances.
The government also improved international trade relations, boosting exports and foreign reserves. Despite these achievements, there is still room for improvement in social policies and human development.
To continue growing, Turkey should invest in research and development, technology, and high-tech industries. Focusing on innovation and competitiveness will help the country reach its economic potential and avoid stagnation in the future.
Source
Sofia Martins graduated from the Technical University of Madrid with a degree in Agronomy, focusing on plant nutrition and soil science. She has a deep interest in sustainable fertilizer management and works to develop eco-friendly solutions that optimize plant growth while minimizing nutrient runoff. Sofia is a dedicated researcher and has published several articles on sustainable plant nutrition practices.