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Turkey was in the same position as India in the 90s: in the beginning of their demographic transition, without significant oil and gas reserves. In the 90s it w
by orwin 1y ago
Turkey was in the same position as India in the 90s: in the beginning of their demographic transition, without significant oil and gas reserves. In the 90s it was clear the Turks had a better grip on their transition economics (large infrastructure projects, national corporation grabbing international importance). Since the late 2000s however, for some european observers, it seems that they might have missed their chance.
However, like with India, the "demographic dividend" window started on the late (~2023 for Turkey, ~2021 for India), unlike China and its one=child policy which kickstarted the demographic dividend extremely early in their demographic transition. For some (including me), this hsorten the window and i personnaly think they will exit this window before 2040, 2045 at the very best, but others (economists more than demographs) it won't have an impact on the duration and end in ~2050. In any case, the next 20/30 years are the true test for India and Turkey, so any person saying that its "too late" for either of those countries is wrong.