People around the world observe North American and European consumption habits and desire to emulate them. But if everyone were to consume like a typical North American, we would need five planets.

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We are witnessing a period of increased resource nationalism, in which governments begin to seize control over natural resources, often leaving private corporations out in the cold.

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Even in the midst of austerity measures in Europe and tightening budgets in the United States, more needs to be done to prevent the current crisis situation from turning into the new normal.

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The assumption that all of Europe is in revolt against austerity measures is wrong.

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A nationalist mood in Athens will threaten the all-important détente that has prevailed in Greek-Turkish relations for the last decade.

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It is still unclear what the French electorate really wants or if François Hollande will become the statesman he convinced the majority of voters he could be.

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Francois Hollande’s victory over Nicolas Sarkozy and the losses by Greece’s main political parties are latest examples of growing anti-austerity backlash in Europe, which is as much political as it is economic.

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The EU’s flagship climate change project, the Emissions Trading System, is in a slow-motion crisis that threatens the EU’s green economy ambitions. Putting a price on carbon works, but it must be the right level to drive an energy transition.

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The U.S., EU and Japan have requested consultations with China at the WTO on the country’s tariffs and export quotas on rare earths elements critical to the defense industry. But the dispute will change little with regard to the dependence on China.

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While the U.S., Japan, and the EU have long histories of WTO disputes between them, they share an interest in sound global rules and in making sure China plays by the rules.

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