Friday, May 15, 2015

Why do Turks invest so much in construction? - GÜVEN SAK

Why do Turks invest so much in construction?

Since the 1980s, Turkey has transformed itself from a sleepy agricultural economy to a mid-tech industrial economy.

Impressive? Yes. But it stopped there. Just have a look at the share of hi-tech products in Turkey’s exports. A lousy 4 percent, compared to the OECD average of around 18 percent.

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