In 2007, he stated that Turkey was against the United States troops entering Northern Iraq, with his opposition originating from the Kurdish separatist movements in that area.
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In economic theory, physical capital is one of the three primary factors of production, also known as inputs in the production function.
The others are natural resources (including land), and labor — the stock of competences embodied in the labor force.
The AKP lost its parliamentary majority in the June 2015 general election, though it remained the largest party.
Davutoğlu's government subsequently resigned but stayed in power until a new government could be formed.
"Physical" is used to distinguish physical capital from human capital (a result of investment in the human agent)), circulating capital, and financial capital. "Physical capital" is fixed capital, any kind of real physical asset that is not used up in the production of a product.
Usually the value of land is not included in physical capital as it is not a reproducible product of human activity.
Ahmet Davutoğlu was born in Taşkent, Konya Province, Turkey.
He graduated from İstanbul Erkek Lisesi, which is a Deutsche Auslandsschule (German International school) and studied at the Department of Economics and Political Science of the Boğaziçi University, İstanbul.
From 1996 to 1999 he worked at Marmara University and became a full professor in 1999.
He was the chairman of the Department of International Relations at Beykent University in Istanbul.
Davutoğlu became Recep Tayyip Erdoğan's chief foreign policy advisor after the latter became prime minister, developing the Justice and Development Party's new foreign policy outlook that would bring Turkey to play a larger role in the Middle East.