Follow the news these days, and it’s hard to be an optimist. Ukraine’s ceasefire is a fiction. ISIS is capturing new ground and drawing new followers. The U.S. and China seem at odds in the South China Sea. The Greeks sometimes seem determined to stumble their way out of Europe. The list goes on. But with the real exception of Ukraine, these risks are exaggerated, and there are positive stories out there that deserve more attention. Here are three:
Start with last weekend’s election results in Turkey. Not so long ago, this country was considered a major emerging market success story. That’s mainly because then-prime minister Recep Tayyip Erdogan had helped unlock much more of the country’s growth potential by empowering development and entrepreneurship in the country’s Anatolian heartland. Under his leadership, per capita income tripled in a decade.
Unfortunately, Erdogan, now president, has drawn comparisons with Russia’s…
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