The most recent adjustments can be considered as an unwinding of investments made during this period. Global investors' stance toward risk-taking may have become more assertive in the wake of their success in dealing with the global risk reduction as well as the relatively modest volatility in financial markets seen subsequently.
It is the struggle against nature.” While acknowledging the ability of competition to promote growth, many such observers,  BIS Review 3/2004  5  nonetheless, remain concerned that economic actors, to achieve that growth, are required to behave in a manner governed by the law of the jungle and are hence driven to an excess of materialism.