However, I see four challenges to further prosperity in Asia; •  accelerate financial market integration  •  establish sound socioeconomic infrastructures like intellectual property right protection, transparent corporate governance, and impartial judiciary  •  tackle transnational problems like regional epidemics, natural calamities and environmental disruptions  •  formulate sustainable energy policy  First, financial market integration.
Even when some policies can be proved effective, they take a long time to do so. In this regard, there are still many issues that need in-depth and detailed studies. II. Implications of the Asian financial crisis for savings ratio in East Asia  Savings in GDP are composed of household, corporate and government savings.