Turkey's economic travails provide a cautionary tale for other developing nations.
Turkey has had a persistently high income inequality score, writes Shreenivas Kunte, CFA. Unequal wealth distribution may not have a direct relationship to the country’s current challenges, but the concentration of wealth and persistent disadvantage among certain sections of society, over time, can only result in discontent and instability.
Turkey, a member of the G-20 and one of the largest emerging markets, has been making headlines recently for its economic and political turmoil. To get a local perspective on the situation, we spoke with Attila Koksal, CFA, a seasoned investment professional based in Istanbul.
Many expect that 2014 will be a challenging year for emerging markets. But which emerging market is currently facing the most difficult challenges? In a poll conducted earlier this week in the CFA… READ MORE ›
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