The 16th International Business Forum took place this past October in Istanbul. It hosted many guests from emerging economies, a number of whom, naturally, were from Turkey. In terms of business, the best thing the republic can do for itself is ensure that its sizable youth population gets greater access to entrepreneurship. ISTANBUL, Turkey – As with other areas in the surrounding region, entrepreneurship has become a coal-hot issue for the Turkish government. In its eyes, it stands as the opportune nation for conducting business, as it boasts a modest corporate tax rate, low entry barriers, sky-high levels of tourism, a premium location, a close to double-digit growth rate and, most important, a very large, tech-inclined youth populace.
Istanbul – where the East and the West collide – is the only city in the world to sit on two continents. This city has seen scores of people fighting to call this land their home, shining light on another great battle that is being waged all over Turkey today. Currently, the vast majority of the population is Muslim – obviously to varying degrees of piety. Also, due to its position as a conduit of trade and culture between the East and the West, it has also developed a strong secular mentality. Thus, it is hard to differentiate which norms are based in religion, and are thus more difficult to alter, and which are social, and consequently more amenable.