Call for Next-Generation Industrial Planning and Development Banking from İSO President Erdal Bahçıvan
Speaking at the August assembly meeting of İSO, Erdal Bahçıvan emphasized the importance of the 'entrepreneurial state' approach and strong public-private sector coordination in the face of changing global dynamics.
Erdal Bahçıvan, Chairman of the Board of Directors of the Istanbul Chamber of Industry (İSO), called for a next-generation industrial planning and development banking reform for Turkey in line with the requirements of global economic transformation and the era of artificial intelligence.
Changing Balances in the Global Economy and the New Era
Speaking at the regular August meeting of the İSO Assembly, Erdal Bahçıvan stated that the approach of completely withdrawing the state from the economy ended with the 2008 crisis, pandemic-induced supply shocks, and geopolitical risks. Expressing that technological developments have accelerated this transformation, Bahçıvan said that automation and robotic technologies have strengthened the trend of developed countries pulling production back within their own borders.
Qualitative Leap in the Era of Artificial Intelligence
Noting that developments in artificial intelligence point to a qualitative leap rather than quantitative growth in industrial production, Bahçıvan emphasized that this transformation carries a national security dimension. Bahçıvan stated that states need to develop planning, next-generation financing, and incentive systems to establish the new ecosystem.
Risk of Premature Deindustrialization and the Need for Coordination
Referring to the risk of premature deindustrialization raised last month, Bahçıvan stated that the current economic program needs to be strengthened with a holistic roadmap that will protect the productive capacity of industry and support technological transformation. He added that structural transformation cannot be solved solely by resource transfer, and that a strong institutional coordination mechanism is needed.
Entrepreneurial State and Development Banking Reform
Advocating for the creation of a new culture of cooperation between the public and private sectors, Bahçıvan suggested rethinking the concept of the 'entrepreneurial state' in Turkey. Stating that running industrial policies through traditional commercial bank loans has its limits, he reiterated his demand for development banking reform and drew attention to the shortage of qualified human resources.
Evaluations of the Panelists
In the panel organized as part of the meeting, Halil İbrahim Öztop, General Manager of the Development and Investment Bank of Turkey; A. Fatih Tamay, Board Member in Family Businesses; Prof. Dr. Sinan Alçın, Faculty Member at Istanbul Kültür University; and Assoc. Prof. Dr. Murad Tiryakioğlu, Faculty Member at Afyon Kocatepe University, also shared their evaluations on the subject.