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Thursday, June 16, 2011

Turkey's Moment

"Turkey's Moment
Turkey is showing the world how a Muslim country in a turbulent region can achieve stability and prosperity. Will it last?

By Suzy Hansen

There is more than one way to witness Turkey's economic metamorphosis. You can see it, easily enough, in Istanbul's wealthy center, where Ferraris cruise the sea road, neighborhoods gentrify at astonishing rates, housing prices are soaring, and tourists pack the streets. Or you can head to the pleasant residential neighborhood of Sütlüce, where middle-class families play in lush parks along the waters of the Golden Horn, traffic hums through newly constructed tunnels, and silver apartment buildings glint in the sun. Sütlüce is a few miles from where Turkey's Prime Minister, Recep Tayyip Erdoğan, grew up and is home to the grand Istanbul headquarters of the ruling Justice and Development Party. The formerly rough-and-tumble neighborhood's transformation mirrors that of its favorite son, a poor, tough, soccer-playing kid who has become one of the most powerful leaders in Turkish history. Though many of Erdoğan's constituents may have once supported him because of his devotion to conservative Islam, they're now more enamored of all those inviting parks and smooth roads. Erdoğan's Turkey is booming. "

More:Turkey's Moment - BusinessWeek