Turkey is a democratic constitutional republic with a rich cultural heritage and a population of approximately 76m people. The Turkish constitution provides for freedom of religion and conscience, however, Islam is the dominant religion. Turkey’s GDP experienced an annual average growth of 5.8% versus 1.8% in the EU. The economy was affected by the global financial crisis but bounced back in 2010 with a growth of 8%. The key industries in Turkey are travel and tourism, automotive manufacturing, textiles and clothing, agriculture and construction. At present, Turkey’s utilities sector is attracting a lot of foreign direct investment and the government has decided to construct three nuclear plants by 2023. Prime Minister, Recep Tayyip Erdoğan, has been leading the current government since 2003.
The Turkey program aims to expose participants to the economic, financial, social and cultural issues that face one of the most rapidly expanding states in the Middle East. The study tour offers students an on-the-ground opportunity to learn about Turkey's successful economy and reflect on its performance over the past fifteen years. The experience exposed MBA students to academic, corporate, and cultural perspectives through spending time with a range of leaders from various industry sectors from small companies to large conglomerates.