Turkey has the most irregular economy within the world’s top 20 economies, according to Rifat Hisarc?kl?o?lu, chairman of the Union of Chambers and Commodity Exchanges of Turkey, or TOBB. 

The country desperately needs rules and regulations in trade, said Hisarc?kl?o?lu’, speaking during the “2007-2008 Annual Tax Awards” ceremony held by the various chambers of commerce, industry and shipping Saturday in the Aegean province of Mu?la.
“In Turkey, anyone who wants to open an enterprise of any kind can do so,” said Hisarc?kl?o?lu’.
“We must put some rules and regulations in effect. Due to the lack of regulation, we experience the greatest moral erosion in terms of trade in the world,” he said.
The growth rate in Turkey began to decline after 2007, he said. “At that time, the world economy had an increasing trend. The cause of the decline in Turkey’s economic growth was due to the fact that politics always have priority in Turkey. We forgot the economy.”
Noting the low profitability in the tourism sector, Hisarc?kl?o?lu’ said while the world was experiencing a decline in the number of tourists last year, North Africa and Turkey saw a 3 percent increase in the tourism sector.
“Despite this situation, Turkey experienced a drop in profitability. The primary objective in trade should be to gain. The expense made in Turkey per tourist declined from $950 to between $750 and $770. We should be turning this picture around. We should increase profitability while we are increasing the number of tourists arriving in Turkey,” he said.
(Source:hurriyetdailynews.com)