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"WE MUST FOCUS ON HOW WE CAN TURN THE CRISIS INTO AN OPPORTUNITY!"

The Istanbul Chamber of Industry held its September assembly meeting on the agenda topic, "The Crisis in the Global Financial Markets and its Impact on Turkey's Economy and Industry: Requisite Measures to be Taken". Speaking at the meeting, the Chairman of the Chamber's Board of Directors, C. Tanıl Küçük, made an assessment of the deepening economic crisis that began in the U.S. financial system and drew attention to its possible impact on Turkey. Emphasizing especially that Turkey has both strong and weak points in the face of the steadily worsening global economic crisis, Küçük said: "What we need to do is to focus on how we can fill the empty half of the glass and turn the crisis into an opportunity. Let us not forget that obligations that are postponed during periods of complacency - obligations, for example, such as the need for reforms to bolster our competitiveness, which we have been expecting for years - can be implemented more rapidly under the threat of a crisis. Many discoveries and inventions are the product of precisely such difficult times. By straining our creativity, we too can diversify our products and our export markets. In time these will be transformed into lasting gains. At the same time, the upheaval in the global financial system can create opportunities for developing countries. We must keep a close eye on such opportunities. The most important condition for succeeding at all this is that attention be on the economy!"

Click here for the full text and the Chairman's previous remarks at the Assembly




 
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