Turkey to be one of the most influential countries in the next decade

The Chairman of Goldman Sachs Asset Management, Jim O’Neill has predicted that Turkey will be one of the leading nations in the next decade that will see emerging powers like Turkey taking over.

O’Neill is a important figure in the prediction of the world economy, having previously coined the famous term BRIC – a term used for the world’s leading emerging economies; Brazil, Russia, India, and China.

Speaking during an interview, O’Neill said: “If a new G-8 was to be formed today by judging the countries’ economic standing place of political influence,I would recommend adding Mexico, Indonesia, South Korea, and Turkey alongside the BRICs for that organisation.”

Speaking of the potential of Turkey, O’Neill said: “Turkey will be one of the most influential states of the next decade in terms of its contribution to the global economy. Istanbul is one of the most exciting and interesting cities of Europe, if not the world.”

O’Neill also said that it would be highly in Europe’s favour for European nations to be in favour of Turkey’s accession to the EU.

Turkey has big plans for the next 10 years, Turkey has aims to be one of the world’s top 10 economies in the near future, and with O’Neill’s prediction on the importance of Turkey to the global economy, it seems that Turkey is surely headed in the right direction as a developing nation.

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  1. […] According to a research and consultancy company, Turkey is set to play a key role in shaping the global economy and global growth in 2012. […]

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