Although the two consecutive financial crises of 2000 and 2001 shook Turkey’s economy to the core, they also paved the way for major economic reform. Against that backdrop, the author, Nimra Dawood, reflects on the remarkable economic development witnessed in Turkey shortly after the financial crises.
The Taliban takeover in Afghanistan has significant implications for the regional actors, particularly for Pakistan. The author notes that the fall of Kabul could negatively influence the economy of Pakistan. She asserts that with the border between the two states open, the possibility of Pakistan facing another refugee crisis, a drug trafficking problem, and terrorism, has also increased. These issues will ultimately cause the economic growth of Pakistan – which improved by 3.94% in 2021 – to decline and undermine the progress of the developmental projects in the state.