Consumer prices are increasing all around the world. Do you think 2022 will be the year when we finally get rid of this fluctuation?

There are a number of problems that need to be addressed for this to work. 1. Turkey has too much commercial infrastructure to support. When China started, they were dirt poor. There was no real economy. Most people traded with each other for food etc. 2. Turkey has very few natural resources. Yes, the top line GDP and export numbers are increasing but the profit level is falling because Turkey has to buy raw materials on the international market to manufacture the things they export. The more they make, the more they lose. 3. Turkey needs to buy most of their fuel from foreign countries using a devalued currency. Just adds cost to everything. I believe this is not a good path for Turkey to take. The population is too young and accustomed to living in a modern economy. They will either revolt or leave.

As I said, Turkey is by no means comparable to China, except for spicyness of foods. These are completely different dimensions. Tureky needs other role models in its size.

Thank you for explaining this in simple terms for foreigners. I did not really understand why the lira was devaluing at such a rapid rate. I truly hope that this model works out for the country and doesn't hurt it's lower income and rural citizens.

I do not think you have the slightest knowledge of basic economics or an awareness of what an average 50% inflation means to the average citizen. How will the young Turkish citizen be able to raise a family, educate his children, be housed, and feed himself when his currency, and therefore his purchasing power, is disappearing day by day, hour by hour? Do you honestly think that a people, no matter what people, will not react when misery reaches its peak? Please read the history of France, Russia etc etc.

Your point is one sided, you should also compare imports which are now at record highs, coupled with a devalued lira, the consumers are paying the price for economic fallacy. Items such as rice, flour, meat, and a whole host of other products that used to be produced locally, are now all imported as production capacity has been eliminated over the last 2 decades. You cannot copy the China Model if you sabotage your production abilities.

Thanks for the explanation

Turkiye is the new best thing even if the whole world dont want that... as a proud muslim enshAllah I will move there in the next few month to contribute in the rise of Turkiye hoping to become a citizen there

One result of the policy is buying power for average citizens decreases and the wealth of industrialists increases.

still watching your videos man, respect for the content ! I am from Tunisia and yepp turkiye has been in the same situation as us for many years, and hoping my country is gonna be the Switzerland of Africa !

Excellent explanation of the high inflation in Turkey presently. The copied model ( A La China) may,in the long run,work for the country. However,I cannot see the average Turk tolerating increasing goods and services prices for years,their monthly salaries more or less frozen just for the sake of achieving a goal that will take years. Most people around the world live on a month to month basis,they want to be happy today,not in ten years time.

This is a very interesting perspective, to intentionally manipulate the currency. I’m in the United States, and your general attitude towards your country is refreshing. If that were happening here, everyone would be up in arms. You seem supportive. It makes me more curious about Istanbul than I already was.Thank you for the video

Well frankly adadin. Its no new economic model. We in Pakistan face similar situation but dealt with it much much better. We do not compare with middle income country, we are below turkey but challenges we face are similar from geography to neighbourhood etc. Anyways if erdogan increase the interest rate. It would hurt erdogans friends who have take lot of loans. But public would be not suffering. We have increase the interest rate in 2019 and now lowered to 8 percent. Government has increased to 8.25 percent and it has been going on for a long time and inflation stays at 10 percent. With huge subcidies on food, good crops atleast public is saved from brunt. Even salaries increased is helping people. In turkey lira has gone done. This is the reason your exports grow and become competitive. Few weeks ago erdogan says that weaking or lira is bad and tried to control it. Previous Pakistani government does that and in turn ruin Pakistan and this government has to suffer a lot. Besides now even he let it go and lira free fall and so does turkey exports grow. Now if he increases interest rate it would ease inflation too. And in few months time when petrol and diesel and gas prices fall everything would fall back in place. This would loose erdogan a lot of capital but save turkey. We see very few islamic countries actually developed because of hardwork and not oil... And all the hard work of turk brothers must not go to waste. Increasing interest rate would stop construction for a while but there are not many buyers for it. Only Pakistanis and indians are buying low end flats. Half of them hate the difficult migration process amd return. The Europeans would never like to migrate in turkey. Language is a big barrier. I hope turkey mainstains its tragectory. Even if it losses for an year or two but in the long run it must mainstain ita momentum

Nice

Great analysis of whats going on in Turkey. I understand better now what Turkey is trying to do and makes sense. There is a real problem with some of this though, people who hold their money in dollars and in Real Estate won't get hurt with this strategy, but people without the ability to protect their assets in dollars will really get crushed. In a sad way, they will become the engine of this new economic model by supplying cheap desperate labor to keep food on their tables but I sure would not want to be in the class.

I am side by side with the cabinett's strategy, that's probably the only way for Turkey to be among top 10 economies. Thank you for your wonderful explanation.

Turquie has one of the best location on the world map to accomplish what China did. What China did within 50 years is remarkable. 90% of the population has moved from poverty to middle class. But China has been very cautious with improving education, anti corruption rules and social - political unity inside the country in order to obtain such a great result. Good luck Turkey 🤲

I'm taking my family to Bodrum in March from Australia, if it's as nice as it looks on the Internet I'm buying a home!!!

How it will effect on interested real estate foreign buyers ? Is it in favor for them ? What's your thoughts?

😊 From India ❤️👍

I have been turkey . Lovely country, beautiful Turkish race and lovely modern Muslims among some religious Muslims.

Your words are very good You are very good Allah Pak tells you something I love you so much bro

Respecting and trusting the Turkish government of this change.

In my opinion, this project is not realistic because the government is making the poor, even poorer. Turkish people are really struggling to pay for basic living conditions like food and take on multiple or dangerous jobs to survive because of high inflation. I have been to Turkey and I loved the country and its people but I often wonder if human rights exist in Turkey. In addition, Turkey does not have time on its side. Right now, the country is already behind and smaller than China so can it keep up with the current developments? Personally, I believe that Turkey could invest more in the many intelligent people that the land owns and trigger them to boost the economy instead of making them suffer.

No doubt, exports will increase with the liras devaluation. Yet Turkey is a heavy net importer of energy which is paid for in dollar therefore with a weaker lira paying for such dollar dominated services such as energy will increase. Retuers have even reported despite exports increasing, the trade deficit for this month alone has actually INCREASED an record 240% to $6.79 billion, mainly stemming from an record import in energy. Therefore it's impossible an weaker lira, combined with exports would allow turkey to break free from a trade deficit. Instead the lira will continue its devaluation (further increasing the trade deficit) though erdogan has by burning the reserves and his fx scheme buyed the turkish lira a few months of stability

all english videos are saying Turkey is on the edge of failure and this video paints a very different story. I'm confused. lol

This seems to be an optimistic take. What has caused turkey to get into economic problems though? Was hoping to hear that, sober, factual video otherwise

Well said 👏👏 Indicators like the current year over year inflation rate might distract us at this point in time from the bigger picture in which, Turkey, is aiming to become a powerhouse in terms of manufacturing and exports.

Why did you stop making Vlogs? They are good man!

Pakistan is also experiencing the highest dearness of its history.....

There are many differences with China and turkeys economic policy development. I don't know where to begin. Aladdin, i would just ask that that you stick with real-estate. Not turkeys economic situation. The current government is driving your country off a cliff. I just hope that the next administration understands economics 101 and stable economic policies that adhere to rule of law.

Also make a video on how much actors get for modeling and acting in turkey? Average salary

Hello turkey

Nicely explained.Its a case of short term loss for long term gains,this concept is rarely used these days.Its nice to have a leadership and government that are not afraid to put Turkiye on the map.Most governments and leaders as well as CEOs care about right now not whats good for the long term future so that they can get voted in and win the popularity contest.

Turkey's inflation is like the air balloons in Cappadocia, except they're not anchored to the ground! Lol

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Inflation is becoming a global issue not just Turkey. Pakistan has been affected badly since the beginning of COVID-19 and people don't understand and blame government its not just government mistake, government can do alot better in this to take proper steps but Covid-19 have really badly affected all the developing countries.

china despite being biggest manufacturer and second biggest economy still middle income trapped. you should be more looking at the success of korea, escaping middle income while being a big manufacturer.

authoritarians do authoritarian things. Dreaming of being a global player while starving to death lol

👍👍👍

$250 billions?

Hey bro love from Pakistan make videos in Urdu . Thanks

higher production depends on low import inflation, even forty years ago china had the largest iron and mineral deposits in the world, that logic doesnt apply to post colonial turkey

One man must go away.. You know who.

Urdu mein baat karo mere bhai

Not make sense Can Turks fight with Europe about industrial technology? Did Turks have enough natural resource to be maintain? Did Turks labours cheaps enough compare to China or African country Your logic is false in every sectors 😎😎😎

Hope it gets worse ♥️