The ultimate effects of this redistribution still suffocate the lower strata of the socialeconomic pyramid to this day. Widening income disparity, decreasing human development quality and increasing informality combined with no social protection in the labor market, when compared to the precrisis era, are Asian crisis excesses for which improvements we continue to strive.
It will be of little avail if we achieve economic growth long term and attain a European standard of living without attending to the social issues. But we cannot handle them properly without such growth, and would even quickly increase their severity.