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Six Markets to Watch: Turkey

How Erdogan Did It -- and Could Blow It

Author: Daniel Dombey
January/February 2014
Foreign Affairs


For much of last year, Turkey's economy seemed almost on top of the world. In May, as huge construction projects moved ahead, Ankara paid off its remaining debt to the International Monetary Fund, ending what seemed to many Turks a long history of humiliation. The country received an encouraging investment-grade rating, and foreign funds poured in like never before.

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