Timur Kuran and Dani Rodrik, “The Economic Costs of Erdoğan”
For more than a decade, financial markets supplied the Turkish economy with easy credit, making economic growth dependent on a steady flow of foreign capital that financed domestic consumption and flashy investments in housing, roads, bridges, and airports. This kind of economic expansion rarely ends well, and the only real question was: what would it take to push the country’s economy into a fully-fledged currency crisis? President Trump! (reads in 5-6 min).

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