Business

Teacher. Dr. Ahmet Kasım Han: Our fragile economy does not seem to grow

International Relations stating that Turkey’s economy was also seriously damaged by pandemic expert Prof. Dr. Ahmet Kasım Han said that the severity of the consequences of this global crisis will be more clearly understood, considering that the world economy is expected to grow about 3.4 percent in 2020 and shrink 4.3 percent. Han, “Turkey with a growth of 1.8 percent in 2020 in this area is one of the best, although due to the unique vulnerabilities of the G20 members, these figures should correspond to a high performance in the economy not felt in this level, “he said.

Vice Chancellor of Altınbaş University Prof. Dr. Ahmet Kasım Han evaluated a pandemic year for SÖZCÜ from a broad perspective, from economics to diplomacy.

IT IS NOT EASY TO HURT SOCIAL

Expressing that the pandemic confronts humanity with the cold face of events in a very harsh and tragic way, Han said: “Just as hunger and poverty are global problems and their consequences are spreading throughout the world, so too. it is the pandemic. As a result, current problems require global solutions, including but not limited to the pandemic, “he said.

Khan, the university employment in education is not working as it was in the future by specifying that it will not be easy, he experienced a very significant problem in this sector and the devastating effects that, according to the other side of the world, he said which was most severe in Turkey.

According to Han, “the important thing here is that important segments of society can look to the future with confidence,” says Han. Khan, although he expresses that social wounds will easily pass, “if Turkey takes seriously the idea that the migration of the last ten years, we are talking about a vulnerability that requires careful management of the media, “he said.

HUNGER AND POOR PANDEMIC

Stating that in an integrated world, almost all socioeconomic decisions have the potential to create a strong butterfly effect, Han made the following assessment: “Decisions made by the person who holds the Presidency of the United States have consequences of climate change, global trade and security that affects the whole world and affects us all. In this pandemic, we have clearly seen that we have not been able to decide within the framework of which norms and institutions we will establish international cooperation and we have not implemented this decision.

The cost of this, for now, is 2.5 million deaths. Just as hunger and poverty are global problems and their consequences are spreading throughout the world, so is the pandemic. As a result, current problems require global solutions, including but not limited to the pandemic. “

WORLD TRADE, TRAVEL IS CRITICAL FOR THE GLOBAL ECONOMY

Sharing figures on world trade during the pandemic period, Han said:

“The correlation coefficient between world trade and global growth is 0.81, that is, there is an almost one-to-one relationship between growth and trade growth; It may be helpful to remember that before the pandemic, approximately 4.4 billion people traveled by air around the world in 2019, with the world population eventually reaching 7.7 billion. Considering the history of the world, there were always epidemics, but the spread was not that fast. Human circulation was limited. It was not possible for such a large number of people to travel in such a short time, and the relationship of this mobility to economic prosperity was not so organic. Cross-border trade as a form of economic activity was not a fundamental influencing factor in socio-economic life. This pandemic confronted us with the cold face of these events in a very harsh and tragic way.

It is just an excerpt, click to see the full interview

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