No Future Without Industry: A Call for Production-Oriented Development by Dr. Yashar Vafaei

Vafaei: “Production is Not Just Economics, It’s the Heartbeat of a Nation”

Beyond Exports: 3 Strategic Steps for Global Industrial Restructuring

A New Chapter in Regional Development: Vafaei’s Global Industrial Partnership Model

International economist and entrepreneur Dr. Yashar Vafaei Mamaghani emphasized that reviving bankrupt industrial enterprises is not merely an economic concern but a crucial step in preserving national identity.

Dr. Vafaei stated, “Each closed factory is more than a halted production line—it’s the beating heart of a society. No economy can survive without production. Reviving collapsed industries is not a matter of choice; it is a historical and economic necessity.”

“Turkey Can Be a Success Model”

Vafaei noted that one of the major errors in industrial policy has been focusing on short-term remedies rather than long-term diagnoses:

“Many governments attempted to revive industry through temporary incentives and emergency loans. However, such approaches are no better than giving painkillers to treat a chronic illness,” he said.

Emphasizing the need for a comprehensive and structural transformation, Dr. Vafaei outlined his three-phase strategy as follows:

“First and foremost, financial recovery must not rely on random credit but should be managed through targeted, disciplined, and transparent financing. What many factories truly need is not just money—but financial discipline.

Next, the focus must be on governance reform. Revival cannot be expected with the same management mentality that led to bankruptcy. We need a new ownership and management culture that combines professional leadership with employee partnership.

Finally, sustainable production requires global market integration. Smart integration through branding, raising quality standards, and leveraging international economic diplomacy is the key to industrial rebirth.”

Addressing Turkey’s role in this transformation, Dr. Yashar Vafaei said:

“The Republic of Turkey has recognized the strategic importance of industry and created a supportive environment for production-based projects. Our collaboration with Turkish institutions has shown that they not only open doors to investors, but also back the private sector with transparent and actionable policies. We are highly satisfied with our cooperation in Turkey and present this model as a regional success story.”

“Industry is Not Just an Economy; It’s a Nation’s Identity”

Vafaei stressed that industrialization is not only a tool for development but a guarantee of national sovereignty:

“If you take away a nation’s production, you take away its identity and its future. This is not merely about saving companies—it’s about rebuilding the fate of nations,” he said.

Dr. Vafaei concluded with a global call to action:

“Today, I speak not just as an economist, but as a practitioner actively engaged in industrial revitalization. On the foundation of public-private partnerships, we are ready to implement projects across regions—from the Caucasus to North Africa, from Central Asia to the Gulf states. Major economies like the United States must also reconsider their production strategies. A system based solely on technology and services is not sustainable in the long run. A strategic shift to intelligent manufacturing is now essential for global stability and leadership.”