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    Innovative economies in terms of competitiveness: an evaluation of the Turkish ecosystem
    (İstanbul Ticaret Üniversitesi, 2023) Efe, Ahmet
    This study explores the challenges faced by competition policy in the international arena, particularly in developing countries, and the relationship between competition policy and trade liberalization. It discusses the factors that contribute to the success or failure of countries, including the quality of education, political continuity, developed capital markets, and the level of competition. The study while highlights the importance of understanding the advantages and problems of developing countries for policymakers and businesses and by discussing the challenges faced by competition authorities in tackling anticompetitive practices of export cartels and proposes the need for a global competition policy agreement. Furthermore, the study developes a formula model for innovation that includes research and development investment, creative thinking, risk-taking, problemsolving skills, competitive ecosystem, incentives and funding opportunities, and divine bounties. The modelled formula aims to quantify the interplay of different factors that drive innovation and identify areas where additional investment or support may be needed. The study also discusses the affiliation of innovation model within the cosmos as a lessons learned for business culture processes, emphasizing the importance of understanding the order established in the universe, obeying natural laws, and acting in a way that produces beneficial results with harmonious goals. It is asserted within the model formula that economic actors should consider not only worldly and temporary gains in innovation and competitiveness, but also medium and long-term gains, both worldly and hereafter, in a balanced way.