Erdal Tanas Karagöl All daily Yeni Şafak Columns

Erdal Tanas Karagöl

268 columns listing

What is the significance of interest rate decisions?

15 Eylül 2024, Pazar

To achieve price stability, the interest rate decision is one of the key instruments of monetary policy. Central banks increase interest rates during periods of high inflation and reduce them when inflation decreases. Periods of Interest Rate Hikes After COVID and due to rising energy prices caused by the Russia-Ukraine war, the Federal Reserve (FED) and the European Central Bank (ECB) initiated a new period of rate hikes. In Türkiye, similar rate hikes were implemented by the Central Bank as inflation

Choosing Between Economic Growth and Inflation

22 Ağustos 2024, Perşembe

As economic growth increases, inflation tends to rise. This happens because the increase in demand that accompanies economic growth, combined with higher imports driven by the need for foreign inputs in production, rising energy prices, currency fluctuations, and other structural issues, leads to inflationary pressures. In the medium to long term, such inflationary trends are unsustainable, making it necessary to implement monetary and fiscal policies aimed at reducing inflation. While the primary

How can Türkiye's trade deficit be reduced?

29 Temmuz 2024, Pazartesi

Products contributing to the trade deficit can be divided into three main categories. These categories are: ### PRODUCTS IMPORTED DUE TO LOW PRODUCTION AND QUALITY The first category includes products that are produced in Türkiye but are still imported for various reasons. These products are manufactured domestically, but their production volume and quality are insufficient. Consequently, this leads to increased imports and presents challenges in exporting these products due to their lack of competitiveness.

Countries' Income Groups

07 Temmuz 2024, Pazar

The World Bank announces per capita income thresholds for countries every July 1st, classifying them into income groups based on their economic status. This classification, conducted by the World Bank since 1989, aims to reflect countries' levels of development. The income thresholds used by the World Bank for country classification are updated using the Special Drawing Rights (SDR) deflator used by the IMF. The baseline per capita income used for classification is obtained by dividing a country's

THE SHANGHAI COOPERATION ORGANIZATION

03 Temmuz 2024, Çarşamba

There are significant organizations that determine the balance of economic and political power worldwide. One of these organizations, primarily composed of Asian countries, is the Shanghai Cooperation Organization (SCO), which is growing in influence as a new power center. WHEN DID THE SHANGHAI COOPERATION ORGANIZATION EMERGE? The Shanghai Cooperation Organization was established in 1996 under the name "Shanghai Five" by the People's Republic of China, the Russian Federation, Kyrgyzstan, Tajikistan,

Türkiye's largest industrial enterprises

28 Haziran 2024, Cuma

The Istanbul Chamber of Industry (ISO) has announced the results of its research on Türkiye's Top 500 Industrial Enterprises. Tüpraş has claimed the top spot as the largest industrial enterprise in Türkiye, with sales from production amounting to 484.2 billion lira. Ford Otomotiv follows in second place with 238 billion lira in sales. In third place is Star Rafineri, which operates in the same sector as Tüpraş, with production sales of 226.8 billion lira. It is significant that two of the top three

Per Capita Income and Income Distribution

24 Haziran 2024, Pazartesi

With economic growth, a country's GDP increases, and so does the per capita income. Although per capita income is a figure obtained by dividing the country's GDP by its population, it is evident that it is an important indicator in the income grouping of countries and in comparing countries. Each year, at the beginning of July, the World Bank calculates and publishes the per capita income of countries, categorizing them into different income groups. This calculated per capita income reveals both

What can we expect from the G7 Summit?

16 Haziran 2024, Pazar

Addressing the issues in the global economy, influencing international relations, and solving current problems are driven by significant organizations and alliances. One such gathering was last week's G-7 summit in Italy. This group, often called the "rich club," includes the United States, the United Kingdom, Italy, Canada, France, and Japan. Additionally, the European Union is represented at G-7 summits. THE G-7 AND ITS ORIGINS The G-7 emerged in 1975 as a response to the macroeconomic challenges

Installed capacity in renewable energy

30 Mayıs 2024, Perşembe

There has been a significant increase in investments for the use of renewable energy. The statistics on installed capacity published by the International Renewable Energy Agency (IRENA) reveal some key findings. COUNTRIES WITH THE HIGHEST INSTALLED CAPACITY China leads the world in installed renewable energy capacity, with 1,453,701 MW. The United States follows with 387,549 MW, and Brazil with 194,085 MW. There are notable differences among these top three countries, with China having a significantly

Prioritizing inflation...

27 Mayıs 2024, Pazartesi

Achieving economic stability is challenging in economies with high inflation. Therefore, controlling inflation, reducing it to low levels, and ideally bringing it down to single digits should be a top priority. ### Why Should High Inflation Be a Priority? High inflation disrupts price stability, leading to a continuous upward trend in the prices of goods and services. The expectation of significant price increases further fuels inflation. Thus, inflation driven by expectations becomes one of the