Expected debates concerning the modalities of presidentialism seen as appropriate for Turkey's conditions must be advanced with always one careful eye on the health of economic parameters

The Turkish state has every right to defend the welfare and security of its citizens within a democratic framework via a new security paradigm and tougher penalties for those who are proved to support terrorist actions in different ways

Turkey is entering a critical turning point in international finance on the eve of major structural reforms in macroeconomic governance, social policy and investment climate.

The policymakers in Ankara are required to accomplish a structural transformation program for socio-economic development, while fighting a low-intensity war in the southeast and overcoming the international repercussions of the crisis with Russia. Not an easy job for sure. But then, who said that politics was an easy job?

Turkey shouldn’t abandon its goal of establishing an alternative rating agency due to Fitch’s upgrade.

In order to maintain stability in influx and out flux of capital, investment fund inflows should be encouraged and precautionary measures should be taken for the outflows. The Istanbul Finance Center project will prevent the capital in and out fluxes to be a factor of instability.

Although the 19th century was the European century and the 20th century was the American century, it is forecasted that the 21st century will transform into a more global century led by Asia.

The high interest - low exchange rate method was employed in the past yet resulted in high current deficit which was later compensated by low economic growth.

Among observers of the historical trajectory of global capitalism, it is conventional wisdom that successful "developmental alliances" require common visions and strategic partnerships between key state agencies and large-scale business interests.

Turkey successful combination of fiscal discipline and welfare policies yielded desired results. The next step forward requires more R&D spending

Along with Turkey's economic dynamism and developmental momentum, Turkish diplomacy is also likely to evolve in a parallel direction whereby economic and technological concerns take center stage with a focus on global competitiveness.

Once again, Turkey is bracing itself for an extremely tense and contentious atmosphere of political debate as we approach what is undoubtedly the most critical municipal election in recent years.

The presidential election, to be held this Sunday, will definitely serve as a milestone for the democratization and political stability of the country, which will inevitably shape various economic parameters in turn.

The new paradigm should prioritize improvements in national savings and productivity increases in advanced manufacturing sectors via comprehensive investments in elite human potential, new forms of infrastructure and technological capacity.

Moody's criteria in rating countries mainly include political stability, growth potential, debt dynamics and economic stability. Based on these factors, there seems to be no excuse for not upgrading Turkey to the fit-forinvestment level long before 2013.

Now as the prime minister, Davutoğlu will show his integrationist and internationalist character by placing a premium on macroeconomic stability and expansion of external economic links to stimulate exports and growth.

Whatever the rating decisions on Turkey, it is essential that, as the next president of the G-20, Turkey brings the issue of the objectivity of rating agencies onto the global agenda.