Bahrain has remained largely insulated from international external risks and has weathered the global economic shocks of the recent past relatively well. At the height of the international financial downturn, for example, the kingdom avoided falling into recession and even achieved real GDP growth of more than 6% in 2008 and over 3% in 2009.
Emerging power: Recent changes suggest the country is set to gain greater regional and international influence Interview: Zafer Çağlayan, Minister of Economy Turning the page: Significant development has occurred over the last decade Interview: M Rifat Hisarc›klıoğlu, President, Union of Chambers and Commodity Exchanges of Turkey Interview:...
Turkish policymakers are implementing a long-term development strategy that prioritises innovation in business, science and technology. To this end, more emphasis is being put on research and development (R&D), as demonstrated by the increase in R&D spending from .5% of GDP in 2002 to .86% of GDP in 2011. Officials project that, by the...
Turkey has set ambitious goals to be reached by 2023, which represents the first centennial of the formation of the republic. Key 2023 targets include: becoming one of the top 10 economies in the world; achieving a GDP of $2trn and a per capita income of $25,000; and increasing exports to $500bn and foreign trade volume to $1trn. In addition to...
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