The solution, both the government and economists agree, requires fundamental change to the Turkish economy: higher value exports and a knowledge economy based on better education and ambitious reforms, all of which will require time and scarce resources. These are “structural issues that need to be grasped immediately”, says Bulent Gultekin, professor of finance at the Wharton School at the University of Pennsylvania, and a central bank governor in the 1990s.

G20 grapples with fundamental economic questions for Turkey — FT.com