Quasar
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NEW WORLD DYNAMOS
China and the United States still have not been dethroned, but much of the world’s economic might now resides with Brazil, India, Mexico, Indonesia, and Turkey. Their rise in status has been driven by young labor forces, investments in education and technology, and thriving middle classes with money to burn. Per capita income in those nations has skyrocketed, raising the standard of living to unprecedented heights but creating ravenous new demand for energy and natural resources.
Full admittance into the European Union four decades ago solidified Turkey’s position as an economic powerhouse and global player, making it a beacon of modernization for the Middle East. Today this Muslim nation holds the same vital economic role it once did for hundreds of years as the seat of the Ottoman Empire.
Capitalizing on its location on the Mediterranean and the Black Sea, Turkey continues to benefit from a huge influx of foreign investments. It is a transportation hub for oil and gas from neighboring Russia, Azerbaijan, Iran, and Iraq, as well as a crucial launching pad for the construction industry throughout Russia, Asia, and Africa. Turkey has also emerged as a leading shipbuilder and a major manufacturer and distributor of heavy consumer goods, including automobiles, home appliances, and refrigerators.
Over the past half century, the nation’s capital, Ankara, has transformed from a sleepy provincial town into a cosmopolitan city while Istanbul, long a sophisticated tourist mecca and industrial center, has grown into a megacity of 20 million situated at the crossroads of Europe and Asia.
Shaking off the political convulsions of the late 2010s and 2020s, Turkey made smart investments in education. Its cohort of young, educated workers grew by nearly 20 percent in the first three decades of the 21st century, delivering a demographic dividend that continues to stoke economic engines.
TURKEY
Per Capita Income
2005: $7,920
2062: $53,560
Gross Domestic
Product
2009: $509 billion
2062: $5.93 trillion
Annual GDP
Growth Rate
2009-2062: 4.4%
http://www.astralgia.com/editing/clips/popissue2012.pdf
pp. 40-41
China and the United States still have not been dethroned, but much of the world’s economic might now resides with Brazil, India, Mexico, Indonesia, and Turkey. Their rise in status has been driven by young labor forces, investments in education and technology, and thriving middle classes with money to burn. Per capita income in those nations has skyrocketed, raising the standard of living to unprecedented heights but creating ravenous new demand for energy and natural resources.
Full admittance into the European Union four decades ago solidified Turkey’s position as an economic powerhouse and global player, making it a beacon of modernization for the Middle East. Today this Muslim nation holds the same vital economic role it once did for hundreds of years as the seat of the Ottoman Empire.
Capitalizing on its location on the Mediterranean and the Black Sea, Turkey continues to benefit from a huge influx of foreign investments. It is a transportation hub for oil and gas from neighboring Russia, Azerbaijan, Iran, and Iraq, as well as a crucial launching pad for the construction industry throughout Russia, Asia, and Africa. Turkey has also emerged as a leading shipbuilder and a major manufacturer and distributor of heavy consumer goods, including automobiles, home appliances, and refrigerators.
Over the past half century, the nation’s capital, Ankara, has transformed from a sleepy provincial town into a cosmopolitan city while Istanbul, long a sophisticated tourist mecca and industrial center, has grown into a megacity of 20 million situated at the crossroads of Europe and Asia.
Shaking off the political convulsions of the late 2010s and 2020s, Turkey made smart investments in education. Its cohort of young, educated workers grew by nearly 20 percent in the first three decades of the 21st century, delivering a demographic dividend that continues to stoke economic engines.
TURKEY
Per Capita Income
2005: $7,920
2062: $53,560
Gross Domestic
Product
2009: $509 billion
2062: $5.93 trillion
Annual GDP
Growth Rate
2009-2062: 4.4%
http://www.astralgia.com/editing/clips/popissue2012.pdf
pp. 40-41
