The crisis revealed a raft of regulatory weaknesses that needed to be cured: the possibility of excessive risk-taking; insufficient loss absorbing capacities; banks that were “too big to fail” – to name but a few of the shortcomings that came to light. 2.
However the assumption on the surplus labour in the rural area and that of automatic employment for such labour from the agricultural sector, the quality of labour, notwithstanding, is unrealistic. The International-Dependence Revolution emphasizes the dependence of poor countries on their rich counterparts both with respect to financial aid and technical support.