A Breakdown of Turkey?s Economic Debacle - fashion beauty deco Blogs

A Breakdown of Turkey?s Economic Debacle

Economist Michel Santi shares his views about the importance of maintaining a balanced approach in fiscal policies.
The post A Breakdown of Turkey’s Economic Debacle appeared first on LUXUO.

The Middle Eastern nation has gotten itself lost in grandiose real estate projects that have turned out to be barely profitable. Instead of progressing its economy by prioritising and banking on the traditional route ? which is enticing for foreign investors, a path that is characterised by gradual industrialisation ? Turkey has preferred to enrich the powerful construction sector that is itself financed by banks. This artificial monetary creation ? artificial because it is based on an unproductive sector ? nevertheless allowed the upper echelons of the public and executive administration to butter up their electoral base, to establish a business elite indebted to them, and finally to consolidate their power and influence over the Turkish state.
As always, the structural weakness in this kind of arrangement is that the country in question finances its investments with foreign capital by way of high interest rates. Such capital is very quick to take flight as soon as the cost of money falls, or when political instability manifests itself. The prosperity of the Turkish economy at the start of the 2000s was in fact due to its addiction to foreign capital that led to an overvaluation of its currency, the lira. Invested mainly in sectors of low growth like real estate and not en...
Source: luxuo
URL: http://www.luxuo.com/

--------------------------------
 

Daniel Simon, Managing Director of Rosewood Phnom Penh Unveils What Awaits at This Luxury Hotel

20-05-2024 04:04 - ( luxury )
Designer Furniture With Multiple Purposes

Ferruccio Rossi Appointed CEO of Sanlorenzo Monaco Group

Ferruccio Rossi appointed CEO of newly-established Sanlorenzo Monaco Group, based in the Principality of Monaco, leading Sanlorenzo commercial development in the Principality, France and Spain. The post Ferruccio Rossi Appointed CEO of Sanlorenzo...
18-05-2024 04:04 - ( luxury )
Designer Furniture With Multiple Purposes

11 Ways to Create a Peaceful Living Space

From calming warm-hued interior lighting to incorporating marble furnishings creating a peaceful interior for your home can be effortless. The post 11 Ways to Create a Peaceful Living Space appeared first on LUXUO.
18-05-2024 04:04 - ( luxury )
Designer Furniture With Multiple Purposes

Andrés Anza Wins the 2024 LOEWE FOUNDATION Craft Prize

LUXUO breaks down the winner and special mentions of this year\'s LOEWE FOUNDATION Craft Prize and how the showcase impacts the art industry. The post Andrés Anza Wins the 2024 LOEWE FOUNDATION Craft Prize appeared first on LUXUO.
18-05-2024 04:04 - ( luxury )
Designer Furniture With Multiple Purposes

CEO of Sake Taberu, James Liu Brings Something New to the Luxury Sake Market

Beyond sweet sakes and traditional fermentation techniques ? Sake Taberu CEO James Liu understands how to cater to the consumers of today. The post CEO of Sake Taberu, James Liu Brings Something New to the Luxury Sake Market appeared first on LUXUO.
17-05-2024 04:04 - ( luxury )
Designer Furniture With Multiple Purposes

The Conrad Dublin Provides Luxury Accommodations Amidst the City?s Vibrant Culture

Located at the heartbeat of Dublin\'s vibrant city centre, the Conrad Dublin allows for an immersive experience of Dublin?s culture. The post The Conrad Dublin Provides Luxury Accommodations Amidst the City’s Vibrant Culture appeared first...
17-05-2024 04:04 - ( luxury )
Designer Furniture With Multiple Purposes

Oscar De La Hoya Lists ?Knockout? Las Vegas Mansion for USD 20 Million

The home?s exterior measures 2,409 square feet while the interior boasts a total of five bedrooms, seven full baths and three fireplaces. The post Oscar De La Hoya Lists “Knockout” Las Vegas Mansion for USD 20 Million appeared first on...
17-05-2024 04:04 - ( luxury )
Designer Furniture With Multiple Purposes

4 New Omega Watches To Count Down To The Paris Olympics With

Meet the vintage-inspired special-edition Omega Speedmaster Chronoscopes commemorating the Paris Olympics 2024. The post 4 New Omega Watches To Count Down To The Paris Olympics With appeared first on LUXUO.
17-05-2024 04:04 - ( luxury )
Designer Furniture With Multiple Purposes

Palaces, Superyachts and Chauffeurs: How UHNWIs Will Watch the 2024 Paris Olympics

Be it paying top dollar for the most luxurious Parisian hotels to traveling with a personal chef ? expense is no object for a unique viewing experience of this year\'s summer Olympics. The post Palaces, Superyachts and Chauffeurs: How UHNWIs...
17-05-2024 04:04 - ( luxury )
Designer Furniture With Multiple Purposes

Tips for Selling Your Luxurious Home

From pricing to understanding the right audience and market analysis, selling your luxury home requires a strategic approach. The post Tips for Selling Your Luxurious Home appeared first on LUXUO.
16-05-2024 04:05 - ( luxury )
Designer Furniture With Multiple Purposes

Securing Luxury Smart Homes: The Essential Guide to VPNs

More homeowners are shifting to smart home technology for convenience and comfort. Discover how you can address the security risks of a connected home. The post Securing Luxury Smart Homes: The Essential Guide to VPNs appeared first on LUXUO.
16-05-2024 04:05 - ( luxury )
Designer Furniture With Multiple Purposes

The Decline of E-Retailers & E-Commerce Platforms

LUXUO breaks down what could be the imminent downfall of third-party online luxury retail platforms the likes of Matchesfashion and Farfetch. The post The Decline of E-Retailers & E-Commerce Platforms appeared first on LUXUO.
15-05-2024 04:04 - ( luxury )
Designer Furniture With Multiple Purposes

LUXUO?s Picks: Top Ten Whiskies to Invest In

Whisky investment has demonstrated the high demand for limited edition collections and its ability to increase value and garner high returns, year after year. The post LUXUO’s Picks: Top Ten Whiskies to Invest In appeared first on LUXUO.
15-05-2024 04:04 - ( luxury )
-------------------------------------
server nuevo