Abstract: Istanbul, the capital city of several empires in history, is among the most well-known metropoles in the world. It is also identified as the most developed and competitive city in Turkey generating almost a third of the economic activities and half of the country’s tax revenues. However, its new mayor will face several challenges due to the uncontrollable growth of the city as well as the deepening economic crisis in the country. The purpose of this case is to assess the current situation in Turkey and in Istanbul, introduce the most imminent challenges and compare the city to its rivals in the Middle East and Central Eastern Europe.
Melike Mermercioğlu, corresponding author, Koç University, Graduate School of Business, Rumelifeneri Yolu, Sarıyer, 34450 Istanbul, Turkey, mmermercioglu (at) ku.edu.tr
Murat Akpinar, JAMK University of Applied Sciences, School of Business, Rajakatu 35, 40200, Jyväskylä, Finland, murat.akpinar (at) jamk.fi