While the approach of the political power to the economy raised questions, the ruling wing said that "we are moving to a new model". Interestingly, the ruling wing could not even decide on "what model" it would be!
CHINA, SOUTH KOREA, TURKEY?
1 “CHINA MODEL”
First, President Erdogan announced at the beginning of December that they took the Chinese model as an example in the economy, saying, "We will eat the fruits in 6 months, this is how China has grown."
2 “SOUTH KOREA MODEL”
Then, Cevdet Yılmaz, Chairman of the Parliamentary Plan and Budget Committee and Justice and Development Party (AKP) Deputy of Bingöl, said, “The new model in the economy is the 'South Korea' model. The Chinese model can never be a model for us because its scale is different. There is no democratic government. Turkey is a country with democracy. Therefore, if we are to compare, we can compare South Korea to export-oriented development models," he said.
3 “TURKEY MODEL”
Nureddin Nebati, the new Minister of Treasury and Finance, said that the model applied by the government in the economy was not the "Chinese model" and said, "This is the Turkish model". The new (!) model in the economy could not be understood!
ERDOĞAN MEETS KAVCIOĞLU AND BANK MANAGERS
An economic summit was held in Istanbul. President Recep Tayyip Erdoğan had a meeting with the President of the Central Bank of the Republic of Turkey (TCMB) Şahap Kavcıoğlu and the general managers of public banks.