California can benefit from Putin's belligerence
Experts feel that Russia's situation can benefit California a lot. Vladimir Putin's acts, including seizing of Crimea, wars against Ukraine and Georgia and not-so friendly attitude towards European neighbors, are not good for the world.
How one can forget about the nationalistic expansionism of Putin's Chinese ally President Xi Jinping. These factors can act as a bagful of opportunities for Californian industries. Since the Cold War, California is not in a good state.
Opportunities that can be explored include aerospace sector, which can benefit from a rise in insecurity level among Russian and Chinese neighbors. California's space industry stands a chance to make its ground firmer as now the US is making efforts to end collaboration ties with Russia and instead, compete against them.
There are many Silicon Valley's data security firms that have already started witnessing booming because of concerns about Russian and Chinese hackers. Mr. Putin's acts could even bring changes in oil and natural gas production.
Alternative energy business is another sector that stands a good chance of growth. California's softer industries may also prosper. In fact, tourism sector may also benefit. But as per experts, one big question is whether or not governments, industries and people are ready to explore this opportunity.
There are chances that the governing system would not allow to explore the moment. But it can also not be forgotten that persistent economic struggles may invoke action. If the opportunity is explored, then the aerospace industry is the one that will derive the biggest benefit.
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