Turkey: The proxy problem
One of the largest economies in West Asia is in trouble - and it's not because of oil
Avijit Goel | Mumbai February 4, 2016 Last Updated at 10:06 IST
In the geopolitically volatile region of the West Asia, the dominant economic model is that of hydrocarbon exporting while the non-oil dependant/free market models are in a relative minority. Saudi, Oman & Kuwait are examples of the former, while countries like Bahrain & Turkey are relatively lesser dependant on oil and gas as an economic lifeline.
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