Ahmet Ulusoy All daily Yeni Şafak Columns

Ahmet Ulusoy

14 columns listing

What’s behind Erdogan's change at the helm of Turkey’s Central Bank?

25 March 2021, Thursday

As everyone now knows, Turkish President Recep Tayyip Erdogan on Saturday unexpectedly sacked the country’s Central Bank governor that was appointed only four and half months ago, and replaced him with Professor Sahap Kavcıoglu. And as expected, markets were rattled in the aftermath of that decision: the stock market went down, with exchange rates and gold prices quickly soaring.Following this move, foreign financial institutions immediately sprung into action and intervened in the markets, show

The world’s health-economy dilemma in the fight against the pandemic

19 June 2020, Friday

Academic studies on Covid-19 are gaining speed as the pandemic intensifies. There are two primary approaches given prominence to prevent and end the disease. One is increased public immunity (herd immunity), the other is the discovery of a vaccine.Since the vaccine is yet to be found, the process of developing immunity needs to be managed well. This means that the political measures taken should serve to complete the process with minimum damage in terms of public health and the economy.Economist

Dark days await the global economy

13 February 2019, Wednesday

In many countries (especially in the EU), it can be observed that even though it has been 10 years since the 2008-2009 global crisis, the recession created by the event hasn’t been overcome as of yet, and unfortunately many countries have exhausted their arsenals in their fight against it (especially with regards to monetary policies).This being the case, we should revise the economic forecasts made in the previous years.In this respect, the estimation of growth for the year 2020 in developed co

Turkey should play a role in Africa's revival and construction

28 November 2018, Wednesday

Today, Africa is a continent that has the world's richest natural resource reserves, youth potential, as well as cultural and historical background.The continent is known to have extremely rich reserves of gold, diamond, oil, natural gas, and basic industrial raw materials.Every year, close to 20 million youth join the workforce, and this process will continue for three more decades.When this potential is utilized well, when education and job opportunities are provided, it may have a very import

Rising trade walls and the threat to peace

24 August 2018, Friday

As is known, World War II broke out as a result of patriotism that was intensified primarily by the U.S. and U.K.’s protectionist policies especially against Germany and Japan. The IMF and World Bank were established immediately after World War II to regulate fiscal and monetary flows, and operations were launched to establish the International Trade Organization (ITO), in efforts to regulate international trade.As the U.S. was not too fond of the ITO, an organization called the General Agree

The dance of the dollar

10 August 2018, Friday

The rise in the exchange rate of the dollar, which has rallied in recent days, is ongoing. It is known that political reasons remain in the background of this rise. The last apparent reason is that Pastor Brunson was put under house arrest for cooperation with terrorist organizations.Following this decision, the news that the assets of the justice and internal affairs ministers (Gül and Soylu) in the U.S. have been frozen and that there will be more sanctions to follow has triggered the fast ris

Clash of liberal capitalism and democracy

01 June 2018, Friday

We generally associate capitalism with democracy. Yet today, no capitalist society can be identified as democratic. Because in capitalist societies, people’s freedom, in the true sense, could not be provided for and ruling governments have not answered before society.Capitalism and democracy represent rules that are in serious contrast with one another.So much so that capitalism is characterized as economic privileges being in the foreground by taking ownership rights as a basis. Whereas democra

War economy

18 April 2018, Wednesday

One of Trump’s most significant election promises was bringing back the old power of the U.S. and building a “stronger U.S.”During the elections, Trump supported the idea that globalization steals the U.S. capital and production abroad, which is in conflict with the U.S.’s interests and he made his supporters adopted this thesis, too.The thesis “making America great again” and globalization is in conflict with the U.S. interests were harbingers that aggressive policies and unusual steps would be

The Qatar crisis, economic impact and Turkey's stance

16 June 2017, Friday

The Qatar crisis, its economic impact and Turkey's stance The Qatar crisis, which is of particular concern to Turkey, has been occupying the agenda in the past days. The crisis started with Egypt, the UAE and Bahrain, headed by Saudi Arabia, cutting off diplomatic relations with Qatar. The announcement by Saudi authorities soon after Donald Trump's visit and the disclosure of the $110 billion arms purchase agreement to the public reveal the picture behind the outbreak of the artificial

Foreign capital for growth

24 February 2017, Friday

Capital stock is one of the most important factors that developing countries need. Because countries like Turkey have a dynamic population, there is a need to create new fields of employment. Therefore, it is clear that new investments and capital stock are a must for new employment opportunities. ** It is also known that in countries like Turkey capital stock is insufficient because savings/deposits are insufficient, therefore external savings are needed. External savings can be used in two way