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The Emerging Markets Handbook: An analysis of the investment potential in 18 key emerging market economies by Pran Tiku

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Chapter 14: Turkey

Overview

Turkey’s strategic position as a geographic bridge between Europe and Asia means it has played an outsized role in global trade and commerce for centuries. Ever since Kemal Attaturk laid the blueprint for a secular democracy Turkey has been a role model for other Muslim countries across the globe. Turkey itself has been trying to regain its past glory as a regional political and economic superpower. Although its history has been punctuated by several military coups, the liberalisation of the economy in the 1980s has led to rapid economic growth and its recognition as a regional superpower.

Quick history

Dating back hundreds of thousands of years, Paleo and Neolithic peoples made their homes in the region ...

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