It is hard to reform, given that change affects vested interests and can be hard to explain politically. It is hard to prevent crises, given the structural vulnerabilities and trigger events that lead to a collapse of confidence vary in each case. Much of the focus of reform is on how to improve the resilience of financial systems and economies, particularly on market design, risk management, regulation and supervision, and the adequacy and effectiveness of safety nets. The world — and the Asia-Pacific region maybe more than other regions — is vulnerable to spillovers from events like trade and currency wars, military conflicts and security posturing getting out of hand.
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Bangladesh - Businesses' redone China?
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