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Financial Crisis

Geoeconomic Twist, Geopolitical Twist

Author(s): Matthew Hulbert

Editor(s): Daniel Möckli

Series Editor(s): Andreas Wenger, Victor Mauer

In: Strategic Trends 2010: Key Developments in Global Affairs

Series: Strategic Trends

Pages: 27–45

Publisher(s): Center for Security Studies (CSS), ETH Zurich

Publication Year: 2010

Publication Place: Zurich


The financial and economic crisis has been a defining trend of international affairs over the past two years. The West now has huge liabilities from stepping in to save the financial system, and took a further fiscal hit when launching stimulus measures to rekindle economic growth. China adopted similar measures, but has emerged far stronger from the crisis so far. The East's new found geoeconomic clout will take a long time to translate into geopolitical gains, but international institutions have to adapt sooner rather than later to these power shifts.

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