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Turks Leave Home in Droves, Draining Money and Talent

(New York Times) Carlotta Gall - More than a quarter of a million Turks emigrated in 2017, an increase of 42% over 2016. The flight of people, talent and capital is being driven by a combination of factors that have come to define life under Erdogan. These include political persecution, a deepening distrust of the judiciary and the arbitrariness of the rule of law, and a deteriorating business climate, accelerated by worries that Erdogan is unsoundly manipulating management of the economy to benefit himself and his inner circle. Ibrahim Sirkeci of Regent's University in London estimates that 10,000 Turks have made use of a business visa plan to move to Britain in the last few years. The number of Turks applying for asylum worldwide jumped by 10,000 in 2017 to more than 33,000. At least 12,000 of Turkey's millionaires moved their assets out of the country in 2016 and 2017, according to the Global Wealth Migration Review, with most of them moving to Europe or the UAE.
2019-01-03 00:00:00
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