Turkish Industry and Business Association (TUSIAD) made a call yesterday to rebuild Turkey. The messages by the Turkish biggest business NGO were crystal clear than ever before.
TUSIAD announced the framework of its 50th anniversary project “Building the Future with a New Approach” at its High Advisory Council meeting. The study pointed out that the road to a developed country passes through human development, science, technology, innovation and political, economic, social institutions and rules. It also made mobilization call on this basis.
TUSIAD High Advisory Board President Tuncay Ozilhan said in his speech that it is not only the value of TRY that has fallen, but also our trust in each other, happiness and peace of mind.
TUSIAD President Simone Kaslowski stated that the vortex of instability in our economy is a result of deinstitutionalization. “The cost of disconnecting from the world will be very high and the damage will be irreversible,” he said.
Speaking at the meeting, Daron Acemoglu, Turkish-American economy professor at Massachusetts Institute of Technology, said that democracy has a great contribution to the economy and economic crises also often lead to democracy. “Turkey can grow very fast when it establishes the right institutions, puts an end to the domination of human resources, technology, science and especially human rights, and attaches importance to justice,” he said.
The non-domestic producer price index (ND-PPI) jumped 28.87% in September, compared to the same month of the previous year, according to the Turkish Statistical Institute (TurkStat). The ND-PPI rose by 1.55% on a monthly basis.
The Ministry of Treasury and Finance will release central government’s debt stock figures for September (17.30 pm).
President Recep Tayyip Erdogan will meet with his Nigerian counterpart Muhammadu Buhari as part of this Africa tour.
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