Prime Minister, Recep Erdogan wants to include Turkey in the top ten of the worldwide economic choice over the coming decade. To reach there, he might have to spend much time imitating the nations with whom he has been fighting with.
While both Israel and Turkey have shifted to manufacturing field from farming since Jewish state was set up in the year 1948, it is ultimately Israel that has gained success in establishing high-margin industry. Tech Index on BorsaI stanbul of Turkey has sixteen members and market value of nearly seven hundred ninety dollars per month. The TA Blue Tech-50 Index of Israel, in abud get below one third of the dimension is calculated at nearly 16.5 billion dollars.
During the decade when Erdogan was in power, rise in price and interest rate increased from over thirty percent as budget deficit and the national debt minimized.The profits from that proper housekeeping might be deficient of steam, with ministers and economists saying Turkey requires an industrial development to attain the next stage.
Serdar Sayan, an instructor of economics at TOBB University of Economics and Technology set up in Ankara said that Turkey is approaching restrictions of what can be done with the macroeconomic stability. He said that the nation actually needs to shift to high value added transfers and also enhance the education system for competing with innovative nations like for instance Israel.
The co-founder and chief executive chairman of AirTies, Bulent Celebi is one of those trades men assisting to drive Turkey in that specific direction. While he is positive regarding the 2023 goals of Turkey, there are large numbers of organizational work to perform, including agreeing the existing account deficit and creating energy nationally how ever economizing on its usage.
He said that his firm has been creating products with Israeli firms including the Orca Interactive Ltd. of France Telecom SA, a manufacturer of software meant for the interactive television, as they are really good for innovative solutions.
Celebi said that they are importing several high-techs as well as low-tech parts. He even added that they need to generate them on a local basis like for instance China and also raise production of the value-added items. Turkey requires focusing on certain areas like Taiwan, South Korea and China.
Turkish-Israeli connections are in spotlight after Prime Minister of Israel Benjamin Netanyahu called Erdogan on 22 March to say sorry for the killing done by commandos of Israel.