Businessweek: Turkey's Moment

Turkey is showing the world how a Muslim country in a turbulent region can achieve stability and prosperity. Will it last?

Prime Minister Recep Erdoğan in February. On June 12 he was elected to a historic third term

By Suzy Hansen

There is more than one way to witness Turkey's economic metamorphosis. You can see it, easily enough, in Istanbul's wealthy center, where Ferraris cruise the sea road, neighborhoods gentrify at astonishing rates, housing prices are soaring, and tourists pack the streets.

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