In recent years governments have paid increasing attention to weighing the socioeconomic benefits of regulations against their costs. Rules and regulations governing economic activity are typically formulated with a view to their benefits. Their effects on the costs and inefficiencies, in...

In the Black Sea, Turkey has been able to engage in resource exploration and joint security arrangements with its neighbours. Ankara's approach to the Black Sea demonstrates that with the right diplomatic efforts and mutual recognition of inter­ests, regional cooperation is possible even in...