Turkey once had the most vibrant entrepreneurial culture in its region. It is this dynamism and entrepreneurial spirit that held up the sagging economy when Erdogan’s economic policies turned into personal whims. Alas, the Erdogan administration is about to choke Turkish private sector in its futile quest to keep the exchange rate and inflation low, and to achieve high growth. This broadcast provides examples from banking, fuel, retail and food industries about the pernicious influence of a government which wants to make pricing and production decisions according to its political interests, rather than leaving it to the market.
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