THE TURKISH ECONOMY MAY EMERGE STRONGER AFTER THE JULY 15TH ATTEMPTED COUP





What will be the short medium and long term effects of the coup attempt of July 15th on the Turkish economy? There is a simple and easy answer to this question which everyone is pondering: although some negative impact of limited scope may be experienced, that the coup attempt was averted may make the Turkish economy stronger.
As of 2016, the Turkish economy had definitely entered the middle income trap. It could not increase the level of per capita national income beyond USD 10,000. On the contrary, this indicator had been declining. What was suggested for Turkey to exit the middle income trap was structural reforms in its legal system. However, the political polarisation and destructive political rivalry Turkey had been locked in since 2013 was the single most important obstacle preventing this.By Cahit UYANIKYou can read the rest of the article on our issue of August