Business · Trade · 6 hrs ago

UN report says Turkey is building ties across economic sectors

UN report says Turkey is building ties across economic sectors

A United Nations trade and development report says globalisation is being reshaped by economic competition and political tensions.

It says many developing countries are struggling to catch up as investment in high-value industries such as semiconductors, artificial intelligence and clean technology concentrates in richer economies.

The report describes Turkey as building ties with different partners across trade, finance, technology and energy, rather than relying on one economic or political alignment.

It also points to the Türk States Organization as a channel for regional cooperation involving Turkey.

The report says joining global supply chains alone does not guarantee development, because countries can remain stuck in low-value production without policies to move into more valuable activities.

It recommends long-term industrial strategies, financing that supports those strategies, renewable energy and regional cooperation.

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What people are saying

Barış SazakManagement consultant and article author
The report’s most striking section, in my view, examines Turkey through the concept of “sectoral multi-alignment
via Dünya
UNCTADUnited Nations trade and development body
Globalization is not ending. However, it is being reshaped by new areas of competition and political tensions.
via Dünya