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16 - 22 July
2016
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From
the CEO OF EMIS
Prior to the events of this month, there had been four occasions in the past sixty years where the Turkish military had intervened in the politics of the country. Each time, these coups led either to the complete overthrow of the government or a forced change of tack in terms of policy. While this most recent coup attempt failed, there is little doubt that it will result in massive change and upheaval in the country.
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Most commentators agree that President Erdogan will seize the opportunity to impose a more autocratic approach to government, presaged by his push to reinstate the death penalty. There is every chance that the corruption and cronyism that had become increasingly evident before the coup attempt will grow as those perceived as loyal to the ruling party are rewarded. Turkey’s economy, for so long an example of stability and steady progression, had already begun to falter prior to these events and the government appeared hesitant to implement the reforms necessary to boost growth. There is likely to be a long period of instability ahead and Turkey’s precarious geopolitical situation will only complicate matters further. The temptation for President Erdogan will be to retrench politically, cracking down on opposition and stifling reforms. Unfortunately, economic progress may be a price he is willing to pay.
Guy Dunn
Chief Executive Officer.
P.S. I am away for the next two weeks but this newsletter will continue without my notes. Let’s hope it is a relatively uneventful fortnight!
Below are some articles I found on EMIS that examine the events in Turkey.
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Infographic
of the week
With 351 M&A deals during Q1 2016, the deal flow in Latin America and the Caribbean remained nearly identical to the same period of last year but the aggregate value of announced transactions was sharply down to USD 10.6bn.
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EMIS
Insights and reports
Here
are two of our own exclusive industry insights from EMIS' team of
highly experienced, locally-based analysts. EMIS Insights deliver the
most relevant industry news, data and research from over 25 sectors in
21 countries.
PERU ICT SECTOR: INTERNET ON THE GO
The ICT sector has been one of the driving forces of the Peruvian economy, expanding at a CAGR of 11% over the period 2010-2014, outperforming the growth rates recorded by the services sector and the overall GDP.
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POLAND FOOD MANUFACTURING: WELCOME TO THE FUTURE
In the past decade, Poland ranked seventh globally in terms of FDI inflows to agriculture and the food industry and now boasts the most advanced state-of-the-art production facilities in Europe.
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Weekly
News summary
Below
are the most read articles in the past week on EMIS
Perspectives, our daily blog of
emerging market news and insights.
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