Transportation greenhouse gas emissions represent a common challenge to the United States and European Union in transitioning to a low-carbon economy.
In recent years, Turkey’s foreign policy has undergone a fundamental transformation and the country has begun to play a more aggressive and assertive role.
While climate change presents common threats to the security, economy, and environment of the European Union and United States, Brussels and Washington have taken significantly different approaches to capping greenhouse gas emissions.
With the EU and the United States no longer occupying the central place in Turkey’s foreign policy, some of Ankara’s new foreign policy choices have created frictions with its traditional allies and are sparking concern among some observers of a gradual drift away from the West.
As fears rise over currency clashes, policy makers must confront the challenges of a two-speed global economy where China and other emerging markets are surging ahead while Europe, the United States, and Japan face a number of serious economic concerns.
The last decade has seen a marked change in both the scale of competition for resources and the interdependences this entails.
In the face of the euro crisis, questions have emerged about Europe’s cohesion—particularly the strength of the institutions called for under the Lisbon treaty—and what that means for its relevance in major international challenges.
The crisis in the eurozone may prove a blessing in disguise for Turkey, given its strong economic performance over the past years, and could even revitalize Turkey’s prospects for membership in the European Union.
Despite unprecedented support from the European Union and the IMF, the euro crisis that began in Greece has quickly engulfed Europe and now threatens the very future of the euro.
While the worst of the financial crisis may be over, the global recovery is fragile and the fallout from the crisis will change the landscape for finance and growth over the next ten years.