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Analysis & Commentary

Last month's war between Russia and Georgia has "shattered any remaining illusions over the frontiers of the normative map of Europe," according to Michael Emerson of the Centre for European Policy Studies (CEPS).

The Georgia-Russia crisis offers Turkey "a unique chance to bolster its regional clout, check Russian and Iranian influence and help secure the flow of Western-bound oil and natural gas from former Soviet Central Asia and Azerbaijan," writes Amberin Zaman in an August analysis for the German Marshall Fund of the United States.

Gaps remain in the European and global supervisory architecture following unacknowledged "clear shifts" in the structure of financial institutions over the past year, according to Karel Lannoo, the CEO of the Centre for European Policy Studies (CEPS).

Water shortages are negatively impacting upon growth in food production, thus "the world needs an effort to raise water productivity," writes Lester R. Brown in an August 27 commentary for the Earth Policy Institute.

China is in a "class of its own" among the BRIC group of fast-growing economic powers and will "replace the United States as the world's largest economy by 2040," says Markus Jaeger of Deutsche Bank Research in an August paper. BRIC also comprises Brazil, Russia and India.

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