"Turkish economy-global economy
Monday, December 18, 2006
by Doğu ERGİL
The Turkish economy is vulnerable due to several external factors. One is the price of energy, especially petroleum and gas, which are mainly imported. The second factor is the volatility of the Middle East. The probable dissolution of Iraq, the impending independence of the Kurdish administration, which will need petroleum revenue from Mosul and Kirkuk to survive, will lead to an all-out war in Iraq. If the Kurds of Iran, Syria and Turkey get involved in a Kurdish and Arab showdown for the control of Iraqi oil fields, there may be a major Kurdish massacre in this part of the world. This statement may sound like an ominous and perhaps unreasonable prediction, but the Kurds will be left to the mercy of regional states if after the Bush administration leaves office the new US administration decides to pull out of its Middle Eastern quagmire. Israel moving into Iraq to replace the United States will further confound the Arab-Israeli conflict by involving Iran and Turkey. "
More:Turkish economy-global economy - Turkish Daily News Dec 18, 2006