TÜSİAD chair mounts pressure for reforms

ISTANBUL

The Turkish Industry and Business Association (TÜSİAD) Chair Muharrem Yılmaz has penned a article warning against structural problems in Turkey. CİHAN photo

Muharrem Yılmaz, head of Turkey’s leading business body, urged the country to move ahead with reforms needed to attain democratic standards in an article he penned.

In his article, he made sure to warn the nation against the middle income trap and once again stressed upon the importance of the segregation of powers.

In an article titled “Sticking at Transition Period,” the Turkish Industry and Business Association (TÜSİAD) Chair Yılmaz said the emerging countries, including Turkey, have been facing problems in sustaining their momentum due to political challenges of completing necessary structural reforms that are still needed.
“In all emerging markets, as in Turkey, human capital and creativity capacity need to be improved,” he said.

Yılmaz continued with touching on the social movement several governments have been witnessing.

“In all countries, irrelevant of their regimes, the middle class has hit the streets with demands of a transparent, accountable management that respects the superiority of law,” he said, arguing the Gezi Park protests were an example of such a movement in Turkey.