ECONOMY IN THE TURKEY OF THE FUTURE

Fundamental transformations await the world’s economies in the upcoming 20 years. For Turkey to be able to achieve its desired level of prosperity, current structural problems must be solved and preemptive policies must be developed regarding global developments. For Turkey to attain prosperous and virtuous society of the future, Turkey needs a sustainable, long-term, fast-growing economy based on social justice. The Economy in the Turkey of the Future report provides a holistic vision for achieving the infrastructure of the prosperous and virtuous society of the future. The report meticulously analyzes Turkey’s contemporary economy in the light of data and presents the necessary fields to focus on for the future and which kinds of policy ought to be handled with what kind of a perspective in accordance with the advantages and disadvantages. The report touches upon three global trends and their potential impact on national economies and Turkey. It then addresses social justice, sustainability, in the context of long-term economic growth, demographic dynamics and the workforce, Islamic finance, international trade, and sectors deemed strategic. The report focuses on the structural properties that determine the long-term economy rather than short-term economic fluctuations. Many of Turkey’s short-term problems arise from the lack of long-term policies. To this end, the report’s most important emphasis is on the need for long-term policies.