Investors will not invest unless reasonably confident that they understand the risks they are accepting (which, as recent events prove, isn’t the same as saying that investors will assess those risks accurately). Reducing those risks is one of the most productive activities that governments in the region can now engage themselves in.
Concluding Comments Asia has suffered a shock which, by any historical comparison, is severe. Recovery from that shock will take time and perhaps the most useful thing that can come from the experience now is to extract the available lessons and try to ensure that recovery is sound, durable and less susceptible to such crises in future.