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1
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2
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- Bad government
- Coalitions with populist policies
running budget deficits, resulting in high inflation and
growing public debt
- State borrowing crowding out investments
- Two devaluations in 1994 and 2001
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3
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4
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5
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6
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7
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- Industry Perspective
- There have been few
successful exits in the brief
Turkish Private Equity experience
- It is essential that the handful current fund managers
build track records
- Success stories will pave the way
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8
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