Balkan Devlen, Izmir University of Economics | October 22, 2008
The financial crash will have serious geopolitical consequences. ++ Russia will reassert itself as a global player. ++ As its stock market does not play as crucial a role as in Western markets, and as Russia has a lot of money due to the boom in oil and natural gas markets, it will be the greatest winner in the aftermath of the crisis. ++ The US will also, in the long run, gain as the crisis will reassert the dominance of a dollar. ++ The influence of China and India will be limited, and the EU’s inability to act together may make it the biggest loser.