The Nobel Prize in Economics, announced each year by the Royal Swedish Academy of Sciences, has been awarded to U.K.-born Oliver Hart and Bengt Holmström of Finland for their work on "Contract Theory," which covers a range of issues from public-private partnerships to executive pay. Hart and Holmström's study, which is one of the keys to understanding the real-life contracts and institutions that hold together modern economies, was granted the prestigious award, and their research is being praised for shedding light on how contracts help people deal with conflicting interests in areas such as insurance and employment.According to Holmström, contract theory is based on prioritizing the consideration of other, second or third parties involved in contract development for any type of contract. His academic studies indicate, "You should look at the event with a wider point of view and consider all parties involved in the contract." If we apply this approach to the current state of "chaos" that dominates Turkey's surrounding territories, we may understand why Ankara has focused its attention and administrative priorities on such issues for centuries. Given Turkey's history both as an empire and as a republic, it is understandable that Turkey has taken an active role in maintaining peace and stability in the region and has turned its attention to Iraq and Syria. Turkey is well within its rights politically, economically and historically to be included in regional developments, and any attempt to exclude Turkey from these developments is both illogical and impossible. According to Nobel Prize winners Holmström and Hart, in theory, Turkey is the country whose insights regarding the restructuring of Iraq and Syria should be given top priority.Elimination of 'suppliers' on energySince spring of 2013, we have been witnessing strategic changes in the tactics employed by key players in the global energy game. Over the past 35 years, countries that preferred to be the sole importers of energy have made decisions that resulted in the collapse of global energy prices and the increase of sociopolitical turmoil in countries like Brazil -- confusing the minds of millions. We have observed political developments in Middle Eastern and North African (MENA) countries under the "Arab Spring," the goofed up uncertainties in Iraq and now in Syria, as well as the discontentedness of Russia and the Gulf States regarding global energy prices. Meanwhile, Turkey's strategic location at the "energy crossroads" in the most critical point in Eurasia, puts it at increased threat of sociopolitical unrest and "wild" terrorist attacks that have persisted since the summer of 2013, confusing our minds and begging us to question if such profound developments can be of mere "coincidence."In addition to the economic and political instability we see in energy supplying countries, efforts to forge new energy corridors in problematic locations as opposed to energy corridors in areas that are known to be safer have exhausted Turkey and neighboring countries as well. Turkey's calls for peaceful, inclusive cooperation in energy under the "share for peace" approach coupled with Turkey's firm stance against sectarian conflict can be considered Turkey's call to strengthen its role as an "energy corridor" and keep Eurasian supplier countries in the global energy game that is reshaping the sector.Intensive dialogue for common senseThis political picture gives the necessary clues for the critical importance of intensive dialogue and diplomacy among the countries of the region. The new perspective put forward by Turkey for regional diplomacy since last May has yielded results quickly. Instead of giving biased messages over international media outlets, Turkey puts forward direct and intense dialogue with the authorities of the related countries, and this is very crucial in terms of understanding Turkey's "good intentions" and to obtain constructive results. Turkey's clear stance on Syria and Mosul under the leadership of President Recep Tayyip Erdoğan will accelerate the steps to be taken for the stabilization of the region. Therefore, in the coming days, Turkey will continue its intensified efforts to offer "common sense" for the stability of Eurasia.