Two important developments are affecting all world economies today: rapid advances in technologies and globalization. Both of these developments provide great opportunities for middle-income countries, like Turkey, but also present some pitfalls. Those with skilled work forces, those that encourage foreign direct investment and above all those that provide a good institutional environment for new businesses to flourish can take advantage of these developments and quickly advance from being a middle income country to being a high income country. Those that fail in this endeavor may see themselves sliding down in the ranks...Please click here to read the text in full.