MIT Economist Daron Acemoğlu warns of ‘collapse’ amidst Turkish economic problems, brain drain
In a recent interview with Turkey’s Cumhuriyet newspaper, Massachusetts Institute of Technology (MIT) economics professor Daron Acemoğlu accessed Turkey’s current economic outlook as minimum wage talks continue. Regarding the increasing emigration of young Turks abroad, Acemoğlu said “When just a few people emigrate abroad, it is not a problem. But when emigration is this high, it opens […]
Economist Daron Acemoğlu’s take on the Turkish Central Bank’s interest rate hike: “Challenging days ahead for Turkey”
Last Thursday, the Turkish Central Bank made a significant move, raising its policy rate from 17.5% to 25% in an effort to combat Turkey’s persistent inflation problem. Economist and author Daron Acemoğlu applauded this decision but added a cautionary note, stating, “It’s a step in the right direction, but it remains uncertain if it will […]