Who’s Going to Save Turkey’s Economy?
The Turkish economy is in dire straits. But its leadership is showing no interest in serious reform.
For most of the past decade, Turkey’s economy has enjoyed remarkable success. Between 2002 and 2006, during the first term of the Justice and Development Party (AKP), growth averaged 7.2 percent per year, making Turkey a star performer in an otherwise difficult region. This economic growth story significantly benefited the AKP, helping it to win three consecutive parliamentary elections (in 2002, 2007, and 2011) with overwhelming majorities.
