Part of this income finds its way into demand for consumer goods. Manufacturers seeing this upsurge respond by first increasing utilization of existing capacity and then expanding capacity through new investment. That is why we have seen double digit growth in investment, manufacturing production and sales and high overall growth rate of GDP.
Deregulation, liberalization and technological innovation have greatly changed the financial system. Four key interrelated trends can be distinguished. •  First, the traditional demarcation between banks and other financial institutions has blurred. Large and complex financial institutions are the most evident example of the increasing interwovenness within the financial system. •  Second, financial institutions themselves have become increasingly market-dependent.