By Mehmet Enes Beşer India was once hailed as a role model of high growth in the largest economies. However, recent economic trends suggest that India’s economy is currently undergoing a slowdown that raises serious concerns in national and international circles alike. According to estimates, GDP growth will reach 6.4% in fiscal year 2024-25 which represents the lowest growth in ...
By Mehmet Enes Beşer At the beginning of January 2025, Indonesia joined the BRICS group becoming its tenth member state and the first representative from the Southeast Asian region. Being among other major countries in the BRICS alliance, Indonesia strives to increase its influence at the international level, develop economic cooperation, and position itself as a leader representing the voice ...
It’s a wake-up call… By Mehmet Enes Beşer Since the demise of Suharto’s New Order regime twenty years ago, Indonesia’s middle class has been hailed as the shining star of Indonesia’s achievement in democracy and development. Through economic liberalization and political reform, millions of aspiring citizens—entrepreneurs, bureaucrats, city professionals—have been created who are not only a consumer class but the ...
Last week, President Recep Tayyip Erdoğan’s visit to Hungary was the top topic in Türkiye. Secondly, the steps taken in pursuit of hot money made the headlines. And many political parties engaged in the debates on Sheikh Sait, who led the rebellion against the new-established Turkish Republic in 1925. Erdoğan in Hungary President Erdoğan was on a 2-day visit to ...
On the one hand the Turkish economy is growing and gaining strength in some industries, notably the defense industry, on the other, it has hit record inflation levels and the people are getting impoverished. In addition to its geopolitics, Türkiye is also the subject of debates with its economy. In recent times, the issue seems to be focused on criticizing ...