In my earlier piece, I had mentioned our ongoing research that investigates the economic costs of delaying a full lockdown . In this piece, I would like to share the preliminary results from that research that explores the effects of COVID-19 on the Turkish economy and proposes policy recommendations. In addition to myself, the research
Columnist Uğur Gürses has discussed in an article at Duvar English the state of the Turkish economy at the start of the Covid-19 outbreak. “Turkey was caught with the coronavirus outbreak at a time when it was weak structurally. Just like in the Covid-19 epidemic, the underlying disease story is the story of those problems
Let’s put it this way: Which other minister in President Erdoğan’s cabinet in today’s Turkey could publicly announce his or her resignation only to be met with Erdoğan’s request to stay? Let’s broaden the question. Who, in the presidential team, could announce his or her resignation via Twitter? And who would Erdoğan publicly tell to
Interior Minister Süleyman Soylu declared late on April 12 on his Twitter account that he resigned, right after announcing that a curfew launched on April 10 at midnight would be suspended as of 12 pm on April 12.His written statement contained words of self-criticism that went beyond the ruling AKP’s traditional discourse, taking responsibility for
Fu Ying, one of the most prominent figures of Chinese foreign policy, said that the coronavirus epidemic “taught a hard lesson” and “costed dearly” to China a, and that the Chinese people would expect “further reforms” from the Communist Party administration. After the spokesperson of the Chinese Communist Party’s spokesperson as the National People’s Congress
Sometimes it is hard not to be surprised by history’s mind games or by the things it coincidentally brings upon us. Today’s major epidemic that will define the rest of the lives of today’s youth is being compared to the plagues of the past. Indeed, the ways to avoid such an epidemic have not changed
We all know that Covid-19 is a humanitarian problem, and containing the pandemic as soon as possible is an urgent obligation to save human lives.From an economic perspective, the total cost of containing the pandemic immediately is less than that of isolation policies that are put into delayed practice.The economics profession unanimously agrees that the