The growth prospects for Turkey’s economy and exchange traded fund (ETF) have been the subject of much debate. Some believe that the focus should be on the economy, while others believe that political changes need to take place before the economy can truly prosper.

Growth in Turkey will occur, say most analysts, but perhaps the only area in which it will not take place is the economy. The democratic country does have a bad imbalance of wealth distribution, and this undermines the social and cultural problems as well, explains Turkish NY.

• The country must focus on the economic, political and cultural development as a unit and not separate them, analysts say
• The democracy should also be preserved, as this will help create the platform necessary for future success
• Matt Robinson for Reuters reports that open borders from Armenia to Turkey may help both countries make gains; Armenia and Turkey said on Monday they would begin six weeks of domestic consultations before signing accords on establishing diplomatic relations under a road map announced in April.

• iShares MSCI Turkey Investable Market Index (TUR): up 78.6% year-to-date

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Tags: Eastern Europe, Emerging Markets, Global ETFs, TUR, Turkey