Aug

Investor Lessons From Turkey’s Crash to Earth

Turkey is the most extreme example of the failure of institutions, but similar forces are at work in other emerging markets

Turkey’s long boom led investors to think there had been permanent institutional change, but as boom turns to bust the old bad politics and policies have resumed in a new guise. True, the army isn’t in control this time around, but the increasingly…

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Investor Lessons From Turkey’s Crash to Earth

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