Lee Kuan Yew is great example of a leader whose wise economic policies lifted up a nation. I would argue that in his case, it was based on a clear understanding of, and commitment to, sound economic principles.
That does not have to be tied to democratic political behavior to work - it worked for the South Korean Military Government, Pinochet in Chile, and Sheik Mo in Dubai, just as did for Ronald Reagan.
I am saying that unlike them, Erdogan adopted his economic positions not out of intellectual commitment to them, or even with a deep understanding of them, but out of sheer political expediency. Just like he said of democracy - it is like a train you get off of, when you arrive at your destination - his old economic policies were just political props for him, which he has now widely discarded.
That is why I doubt that he will be able to manage the Turkish economy successfully through bad times - he is making things worse now, much worse.
“I am saying that unlike them, Erdogan adopted his economic positions not out of intellectual commitment to them, or even with a deep understanding of them, but out of sheer political expediency. Just like he said of democracy - it is like a train you get off of, when you arrive at your destination - his old economic policies were just political props for him, which he has now widely discarded.”
and, Turkey has no Overseas Chinese