A platform balance, serious, confident… Held on to vision it consists within its body, aiming to lay its mission on today… Representing a balance carried by the world… Address of an intercontinental power… Of course, I’m mentioning wind of World economic platform… Davos… It came; and it went back to dusty archive of the history by touching all world agenda… What was it that affected the continents so much? In fact, right these are the answers the world should consider…
When we look, economy literature is a world obligation included in world dynamics… A human activity consisting of production, trade, distribution, consumption and importation and exportation as well… Doubtlessly, economy was being able to see the future. World was also deserving a systematic programming on it… Shaping of this condition is meeting us with the “Davos” summit took place in the previous days… Therefore, Davos was also a reflection of how the minds perceive economy… It was also a resolution of solutions, precautions, possible international economic crisis chains…
Year 2013… The point where all giants of the world intersect… Analyzing where all economic literature is put on the table… And the key mechanism platform where all idea production limits are combined with economy terminology and presented to the world… Why was Davos required? Its reason was pictured on continents by being laid on economic platforms by countless economists, politicians, presidents, authors, businessmen, professors, individuals with precious economic, politic and diplomatic knowledge who were able to hold on powerful dynamics of the universe since 1971…
When inflation, capitalism force, country dynamism, exchanges differences, current deficits are in question; political and economic world agenda becomes crowded… So, was a world economic platform enough to solve these problems? Today… Can it touch international crises of countless continents? Can it be a remedy for people of Africa struggling with poverty? Or, with a clear statement, can it build powerful economic pathways for countries that didn’t get away from existing politic conflicts of Middle East and not interested in their economy. Can it challenge OPEC injustice? Or can it come up with an idea proposal that will accompany welfare of community of Greece, who, despite it’s a European Union country, drew many negative portraits in the earth?
It’s an accepted truth that; today all economists are agreed on the fact that an international crisis is dominant in the world… But this fact is mentioned by using the fact that global crisis in Geneva has ended as a basis, almost… Then, how did Turkey have its share of this interaction? Our life center, Turkey, the Turkish window opening to World economic platform, presented as a country giving crisis lesson… This is an honoring condition… But today is the map reflecting household drawn this way, a subject of discussion deserving appreciation..!
In Turkey, according to data, labor force participation rate of women is said to be beyond Japan and Mexico… This is true according to statistics of Turkish Statistics Institute… But Turkey possesses a labor force that is continuously increasing. If we consider the degree of unemployment in last period, which is 100 thousand persons, the fact that a country whose young population is so dense can’t prevent unemployment is not a good expectation… Thus, energy comes into foreground as a changing power… Putting forward rivalry by providing a fair price system… In current deficit of Turkey, with the importation of intermediate goods, energy item is one of most important steps… Thus; the principal question to be asked in Turkey is why the current deficit doesn’t decrease. Even in condition of economic constriction, current deficit does not disappear. Another thing that should be queried is the dependence of industrial production to outside. Savings can’t meet the investments.
Progressing economic platforms in the world doubtlessly talk about problems of global capital… When we look, for USA, the growth started at the end of 2010 and accelerated in 2011 was in fact considered as an indication of end of global crisis. The fact that recovery speed after crisis was not protected resulted in expectation of slowdown. Afterwards, as a result of expectations, we can consider a widespread recession inclination and say that hegemonies, that is, USA and European Union, spread their own recessions to other countries via financial resource flow, market size and expectation formation…
Indisputably, USA is a power mechanism! But world economy expecting 1% growth met 0.1% downsizing… On the other hand, at the end of last weeks of 2012, it can be said that a slight resolution began to happen for factors causing recession in both USA and EU. USA economy had begun accelerating a little after second quarter of the year. When we look, wasn’t Obama embarrassed against Mitt Romney at most at this point? But now the facts that elections are over, a president whose options and applications are known reelected and in this sense clearing the “fiscal cliff” threat say that slowdown may be ended for USA in 2013…
On the other hand, exchange wars are among seriously discussed subjects in economy… It was told that after 2011 international economy began to recover, but afterwards countries that do not believe in this remained in their own environment and presented the exchange war with fixed exchange rate regime… Therefore, if a country devaluates its money, the other country’s money will gain value and it would take a major blow against crisis.
Therefore, this would cause a major slackness in means for future of capitalism, hence when we look to Europe continent EU countries and countries supporting it, in other words, leaders of Euro region; the pressures regarding expanding saving fund in a way that it would provide a protection of over 1 trillion dollars increased in Geneva. We have watched them to make calls to bring in stricter budget rules to European leaders and pulling the debt crisis of Greece to a “manageable” level… Delegates including George Soros and USA Treasury Secretary Timothy Geithner defended that the fact that Europe can’t solve debt crisis is threatening economic growth and financial markets as well as makes it difficult for the region to receive further support.
Thus we see that it can’t be enough to solve crises… Today, the principal question is what point should be discussed in economic platforms. What the sole target to be drawn on the world can be. But today, in the world economic platform, the fact that generally how the crises would be prevented is being analyzed, is doubtlessly a point that causes confusion… Maybe, primarily, first step, for the future of the world, should be systematizing to go beyond question of how we can arrange a structure like capitalism without destroying it.
