Natural disasters, wars, and economic collapse tend to seriously undermine social order and make it impossible to address even people’s most basic needs. During such periods, it becomes difficult for communities to feed themselves, find shelter, receive medical attention, relocate, and communicate with others. Individuals and communities have provided emergency assistance to such individuals, without expecting anything in return, to address basic needs like food, shelter, and medical treatment throughout history.
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Deliberate categorizations such as the ‘Fragile Five' constitute part of the soft power mechanism intended to keep global capital away from Turkey and constitute financial pressure on Turkish policy makers
Turkey will continue to surprise the endemic pessimists and return to a high and sustained path of growth after the completion of structural reforms.
The recent visit of President Erdogan to Cuba, Mexico and Colombia was designed as a strategic move to increase bilateral relations with key countries.
As for now, the Turkish Central Bank stands loyal to its neoliberal legal framework and continues to aim for inflation control at the expense of other macroeconomic goals.
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As an emerging power from the Middle East and North Africa, Turkey must be more visible in Latin America and we very likely will be.
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Such a development will prevent the recurrence of current debates on the conduct of monetary policy and place it on a firm socio-political footing.