The draining of Turkey’s money and talentFor 17 years, President Recep Tayyip Erdogan has won elections by promising to restore Turkey to the glories of its Ottoman past. But after a failed 2016 coup, Mr. Erdogan enforced a sweeping crackdown. In its wake, the economy took a hit and the lira plunged after he won re-election with even greater authoritarian powers. Lasting effect: Driven by fear of persecution and economic mismanagement, the exodus threatens to reorder society permanently and set Turkey back decades. Analysis: “The brain drain is real,” one expert said of the flight of more than 250,000 Turkish citizens last year.

Source: New York Times January 03, 2019 04:07 UTC