TEPAV Advisor Ussal Şahbaz stated that Turkey has to produce things to continue its sustainable growth.

The commentary said: "One may argue, if globally connected service sectors such as financial services, high-end retailing or energy are more productive, there is no reason to worry about these sectors replacing manufacturing. I disagree. Turkey is not Dubai or Singapore, or even Greece for that matter; high-productivity service sectors cannot absorb the large workforce that Turkey has. If services will continue to get a higher employment share at the expense of manufacturing, it will be at the low-productivity end of the services, once these high-productivity segments get to a saturation point. Turkey has to produce things to continue its sustainable growth. This will require a serious industrial policy strategy in the upcoming years to overcome the deindustrialization trend. Or Turkey this time may get trapped at the wrong direction of the structural transformation."

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