Reuters/Murad Sezer - A street vendor selling watermelons talks on his mobile phone as he waits for customers at Taksim square in central Istanbul June 9, 2013.
From Know-Who to Know-How: Turkey and the “middle-income trap”
February 19, 2015,
Martin Raiser explores why Turkey’s economic growth rates have moderated and why it has remained a middle-income country. He finds that the real challenge for Turkey lies with the creation of the institutional prerequisites of a high-income country.