Erdal Tanas Karagöl All daily Yeni Şafak Columns

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Erdal Tanas Karagöl

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Erdal Tanas Karagöl was born in 1971 in Turkey’s eastern Erzurum province, where he attended middle and high school. He later traveled to the U.S. and the U.K. where he earned his master’s and doctorate degrees. He earned the title of professor in 2011. In addition to his numerous academic studies, he has written economic reports for the Sabah, Star, and Yeni Şafak newspapers. Karagöl currently writes economic analyses and evaluations twice a week for Yeni Şafak. He is married and has two daughters.

10 columns listing

Achieving energy independence...

Apr 22 2024, Monday

Reducing the current account deficit involves either decreasing the dependency ratio on energy imports or achieving complete energy independence. It's evident that as production increases, so will the demand for energy, which grows each day. Importing more energy to meet this rising demand will exacerbate the current account deficit. Thus, high economic growth will inevitably lead to a higher current account deficit. In past years, the increased energy bill has negatively impacted the economy, particularly

Most sought-after, challenging to recruit, and expected to rise occupations in Türkiye

Apr 15 2024, Monday

In an economy, the sufficient vocational and technical knowledge and work experience sought by employers are important qualifications for employment. In this regard, the 2023 Labor Market Survey Report, conducted by the Turkish Employment Agency (ISKUR), has been published. This research reveals significant results regarding the structural characteristics of workplaces, the number of employees, job vacancies, occupations in which employers face difficulty in recruitment, and occupations expected

Why is economic unity important?

Apr 11 2024, Thursday

There are numerous groups, initiatives, organizations, and alliances around the world where different motivations are evident behind each formation. The European Union stands out as the most advanced integration in terms of integration globally. Initially emerging as an economic union, the European Union continues to evolve towards political unity. Another prominent formation is the G20, which brings together developed and developing countries, serving as a significant alliance of leading nations

Demographic shift in Türkiye...

Mar 27 2024, Wednesday

The elderly population data has been released by TURKSTAT. These data indicate an increase in the elderly population, defined as those aged 65 and over, in Türkiye. According to the data released, while the elderly population was 7,186,204 in 2018, it reached 8,722,806 in 2023, increasing by 21.4% over the past five years. As the number of elderly population increases, the proportion of the elderly population within the total population is also increasing. The proportion of the elderly population

Balance of power and emerging trends in economies

Mar 24 2024, Sunday

We are experiencing a process in the global economy where the center of gravity is shifting from west to east in production, trade, finance, skilled labor, population, energy, and many other areas. Namely; It is observed that many production centers in the West have shifted to the East due to the necessity of low-cost production required to compete in world markets. The young population necessary for economic power is in Eastern countries. It is a clear fact that the total population of Europe and

New trade and energy routes

Mar 17 2024, Sunday

Trade and energy routes are being redrawn around the world. We are entering a new era where trade and energy routes, previously determined by developed Western countries, are now being reshaped by countries with rich energy resources and the largest economies both economically and in terms of population. Concrete steps are being taken for this transition. NEW TRADE ROUTES As known, the east-west trade shaping land and sea Silk Road project initiated by China will bring about significant changes

Are the scores from credit rating agencies even important?

Mar 10 2024, Sunday

The ratings provided by credit rating agencies have become important indicators for national economies. Although there are over a hundred credit rating agencies worldwide, Moody's, Standard & Poor's (S&P), and Fitch stand out as dominant players in this market. It's safe to say that these agencies shape the rating market. So, how did Türkiye's journey with credit rating agencies begin? THE STORY BEHIND Türkiye'S RATINGS FROM CREDIT RATING AGENCIES Türkiye's process of receiving ratings from credit

What are the reasons behind the criticism of international economic institutions?

Mar 08 2024, Friday

We are currently in a period where international institutions, established after the Second World War, are being highly debated. Despite existing in various fields such as economy, health, security, and trade, these international institutions have failed to solve the world's threatening issues and, in fact, have contributed to their escalation. So, which international institutions are related to the economy? THE IMF AND THE WORLD BANK The IMF is an international institution that provides conditional

Economic growth in 2023

Mar 03 2024, Sunday

The economic growth rate for the Turkish economy in 2023 has been revealed. According to TÜİK data, the Turkish economy grew by 4.5 percent in 2023. Now, what about the growth rate of the expenditures determining the GDP and the economic activities constituting the resulting GDP? CONTRIBUTION OF EXPENDITURES TO ECONOMIC GROWTH When we look at the household expenditures in 2023, it is observed that households had the highest expenditure share with a 12.8 percent increase in consumption expenditures

Blue-collar workers are competing with white-collar counterparts

Feb 29 2024, Thursday

Demand for blue-collar workers is increasing in many countries, and the wage gap between blue-collar and white-collar workers is steadily decreasing. White-collar workers represent individuals who use their education and intellectual capacity to perform administrative tasks, while blue-collar workers represent employees with lower educational levels who work in various stages of production, especially in certain areas. THE MAIN ISSUE IN BOTH DEVELOPED AND DEVELOPING COUNTRIES: THE SHORTAGE OF SKILLED

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