Nobel Prize-winning economist Paul Krugman, evaluating what’s going on in the world about Turkey, “It’s also experiencing a classic market crisis.” said.
The risks and the story going through the worldwide process of ‘transition from shareholder to target’, the course of the Turkish Quality Association (KalDer) ’30. It was discussed at the Quality Congress.
Among the most attractive guests of the congress this year was Nobel Prize-winning US economist Paul Krugman. Krugman, evaluating the course of the world, said, “Today’s war is more and more passing.”
Famous US economist Nouriel Roubini and Massachusetts Institute of Technology Member Prof. Dr.
Emphasizing that the pandemic has now turned into an endemic, Krugman made the following statements:
“People have gotten used to buying. But there have been global economic, health, supply chains and wider small-scale causes. Not taken from the economic food of the pandemic.
“All supply chains are also processes. Significant famines began to occur in the world. Commodities, which were cheap, became very expensive. For example, sample chips, car chips… These are the craziest but not bad to find right now. As such, this simple, inexpensive unavailability is drastically greater than the boom, the shortage in the automotive industry. “
“There are a lot of discounts. Likewise in the USA. It exists to find raw materials in industry. Problems can be fixed. Also, people are attracted to new ways of doing business, but there are also uses. The systems are showing their reactions. We are going through a period of stagnation at a late stage when none of the services can survive in this system. This is now, the global process is ‘cynical’.
“Covid economic crisis, an identical crisis”
In the part that went through the world with this period, “1939 can be mentioned. It is a work that works hard right now, where there is too much work time, those who can stay at home or retire early or do other things can follow their dreams. This needs to happen again,” he said. Explaining “Pandemic, show the person who owns the capital”, Krugman said, “The Covid economic crisis is an identical crisis.
“What we went through can be played with the Korean War”
The phrase “It’s been used so far, much more than Korea” sounded very similar to Krug’s. These risks will be different. It’s about sustainability. It will be used in climate change. He speaks of those who exist in his name and in his name.
“Turkey is experiencing a minor market crisis”
Economically and economically in Turkey, this is not the case in the USA. Turkey, on the other hand, is both what is happening in the world and that is not the case. is also experiencing a classic market crisis.” said and continued:
“This is similar to what happened in China in the late 1990’s, what happened in some Latin in the early 2000s. A rapid growth and development process poses a high level of risk for the private sector fit for purpose.”
“If there is a problem in foreign investments, which has been alive since 2018, the financial balances will start to get worse with the depreciation of money. Here, it comes between domestic demand and exchange rate. Turkey does not choose a low interest policy, which does not always mean low inflation.”
“We are witnessing the events that took place in Asia 20 years ago, an excessively high interest rate policy was followed to protect the money. We protect ourselves about the fact that you lower the interest rate and make it fluctuate, or by increasing the interest rate.
“We have a disrupted global economy due to the pandemic”
“We’ve seen a lot of high inflation outside of Venezuela since the 90’s option,” users Krugman, “Turkey may be evolving into an older type of this comprehensive. It seems to be starting to use again due to the pandemic.