Today, the Wall Street Journal reported that Henry Kissinger, now 88 years old, assigns Turkey a greater role in the future in the Middle East. Without doubt, he is right. This country will play a greater role not only in the Middle East, but in the whole world.
Turkey’s GDP is estimated to grow at over 8% this year which is impressive. If you only count countries with a GDP per Capita of more than US $10k, Turkey ranks 6th in the world and is the only country of a significant large population ( close to 80m people ). That is one hell of a big and largely untapped market. With a median age of less than 29 years, this nation is young, growing and it seems full of energy, hope and dreams. The CIA World Factbook has more stats about Turkey.
With a Public Debt of just 42.8% , likely shrinking in the future if they maintain the GDP growth, it is a fascinating country with a great story to tell and a few problems like inflation they could get under control in the future. That is a situation that the European Union can only dream of with its disappointing growth rates, exploding Public Debt, never-ending crises, weak political system and shrinking population. Europe should be ashamed of that.
Henry Kissinger, you are a smart man.