E3S Web Conf.
Volume 135, 2019Innovative Technologies in Environmental Science and Education (ITESE-2019)
|Number of page(s)||11|
|Section||Green Architecture and Sustainable Urban Design|
|Published online||04 December 2019|
U.S-Turkey Crisis and Its Impact on the Economy of the Black Sea Region
Batumi Shota Rustaveli State University, Batumi, Georgia
2 Iv. Javakhishvili Tbilisi State University, Tbilisi, Georgia
* Corresponding author: firstname.lastname@example.org
The process of political, economic and socio-cultural integration is underway of rapid pace in terms of globalization. Consequently, changes in one state will be reflected in other countries or region as a result of increased interdependence. The U.S. and Turkey have a historically strong relationship. They have a shared interest in economic collaboration, stability and security. The long history partnership has been tested in 2018 by a series of disagreements. Turkey and the U.S face their greatest diplomatic crisis. The lira lost almost a quarter of its value against the dollar. It should be noted Turkey’s increasing more independent regional role and influence. There are also signs that the crisis has the wider impact. However, the aim of this paper is to present the correlation between the U.S-Turkey crisis and the economy of the Black Sea Region countries. The paper consists of several thematic parts and a part dedicated to conclusions and recommendations. First one is introduction, second one is theoretical and provides to analyse specific issues related to US-Turkey relations: from alliance to crisis. The third part discusses the research methodology used during the research for this study. The article includes short and long term recommendations which are possible solutions for it.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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