Déjà Vu in Developing Economies? The Intertwined Story of Inflation, Interest Rates and Debt Burden

Money lost to interest payments creates debt burdens and shrinks public resources that could be channeled into development-friendly areas.


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D j Vu in Developing Economies The Intertwined Story of
Turkish opposition searches for new spirit

Turkish opposition searches for new spirit

One might reasonably expect the "change" debate within the Republican People’s Party (CHP) to die down since Ekrem Imamoğlu, the mayor of Istanbul, announced his decision to seek reelection in next year’s municipal elections – instead of running for CHP chairperson. The main opposition party continues to elect its provincial delegates yet it seems almost certain that Kemal Kılıçdaroğlu, the incumbent, will be able to keep his job with no major problems. That is why he should find it easier to set his party’s agenda, but the CHP will presumably remain preoccupied with internal confrontations.


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The intense global economic rivalry between the US and China is leading to a fierce competition, particularly in the advanced technology sector. While Washington imposes measures to limit the export of high-tech products to China, Beijing is not sitting idle. A recent example is Intel, the giant US computer chip producer, retracting its decision to acquire Israel's semiconductor chip manufacturer, Tower Semiconductor. Intel had initially planned to acquire Tower to remain competitive in chip manufacturing and had obtained approval from American authorities. However, after waiting for 18 months without approval from Chinese authorities, Intel was forced to announce the cancellation of the acquisition. Intel, which generates 27% of its global revenues from China, avoiding jeopardizing this relationship, demonstrates how complex the economic battle between the US and China has become.

Whereas Imamoğlu’s decision de-escalated tensions around the main opposition Republican People's Party (CHP) Chairperson Kemal Kılıçdaroğlu and the main opposition party, pro-opposition columnists curiously interpreted that move as a challenge to President Recep Tayyip Erdoğan. It goes without saying that any politician would enjoy being compared to the Turkish leader, who has been in charge for 21 years and just secured another five years in office. By the same token, opposition leaders tend to criticize Erdoğan as part of their job, enjoying (openly or secretly) whenever he talks about them in his public appearances.

For a considerable period, Türkiye and Syria have engaged in discussions aimed at reshaping their bilateral relationship into a new framework. Most recently, a diplomatic meeting took place in Moscow in April involving foreign ministers from both countries, along with Russia and Iran. However, since April, the trajectory of these talks has become increasingly uncertain. This uncertainty has been shaped by the complex nature of the Syrian conflict, the divergent priorities of the external actors, the strategically ambiguous behavior of the Bashar Assad regime and the lack of capacity of the state of Syria. Other dynamics exist that make the talks between Türkiye and Syria more difficult to reach the real objectives of the negotiations process.

After Wagner's mutiny, Russia, which had consolidated its presence in Africa through Wagner, will have to revise its Africa policy.

22 years of AK Party and Turkish opposition's quests

Established to tackle the political and economic crises of the 1990s, the AK Party encountered many challenges. It opted for what was possible and rational as opposed to ideology to skillfully analyze the future of world politics.


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22 years of AK Party and Turkish opposition's quests

We are at a historic juncture in terms of the power struggle in the global political system and BRICS has the potential to be a game changer.

Here is why gold has recently been the main instrument of political revolt against the U.S.-dominated financial order.

There is a widely held belief that Turkish foreign policy is currently undergoing a significant shift. Particularly in the aftermath of the presidential elections on May, a noticeable process has unfolded wherein Türkiye has been actively working to mend its relationships with Europe.

Foreign Minister Hakan Fidan delivered his most comprehensive speech on his vision of a national foreign policy and the Foreign Ministry’s role at the 14th Ambassadors Conference. Stressing that the global system was experiencing “complex and multiple crises,” he highlighted injustice, risks and the need for change. Arguing that Türkiye, under President Recep Tayyip Erdoğan’s leadership, shall be among the countries shaping the new international system, Fidan added that the "Century of Türkiye" vision’s foreign policy objective was to transform Türkiye into a “system-building player.”