Opinion – Unemployment tops Turks’ problems list – LABOR – Hurriyet Daily News – John Gelmini

English: Recep Tayyip Erdoğan, Prime Minister ...

English: Recep Tayyip Erdoğan, Prime Minister of Turkey at Çanakkale Türkçe: Recep Tayyip Erdoğan, Türkiye Cumhuriyeti Başbakanı (Photo credit: Wikipedia)

Dr Alf has highlighted a difficult issue that has been caused almost entirely by President Erdogan. This man has made speeches suggesting that the non Muslim world dislikes the Muslim world and he has made moves to offer nursing facilities, and transport plus weapons to terrorists.

Frankly until Turkey removes this man from office and renounces his policies, they are lucky to be given the time of day let alone jobs for their people. Ordinary Turks must wake up to what this man is doing and Turkey must change direction, if it expects help or investment of any kind.

John Gelmini

Turkish lira hit by political risk concerns – FT.com

turkish lira

turkish lira (Photo credit: Wikipedia)

This is a very important article in the FT. It’s a must-read. Check it out!

via Turkish lira hit by political risk concerns – FT.com.

The article echoes what I’ve been saying on this blog consistently for over a year, Western businesses are wary of Turkey‘s current policies and are increasingly factoring in political risk in decisions about Turkey.

Turkey has grown quickly in recent decades on the back of foreign inbound investment from US multi-nationals. This in turn has created jobs and raised living standard for many people in Turkey – on this basis the current government has a popular mandate.

However, we are now seeing that the number one worry for people in Turkey is jobs, so matters are quickly coming to a head.

The citizens of Turkey must try to understand the rising political risk in Turkey. In my experience, US multi-nationals can move out of a country very quickly if they don’t like the political risk.

In short, the foreign policy objectives of the current government in Turkey are no longer consistent with attracting inbound investment – this puts a growing number of jobs in Turkey at risk.

Thoughts?