This means giving priority to avoiding "the next crisis" and  2  BIS Review 73/2009  building buffers to minimize the effects of disruptions. In my country, the decades of macroeconomic instability and recurrent crises were not harmless in terms of welfare.
Although Latin American countries have shown lower economic growth rates and higher macroeconomic volatility than other regions, the case of Argentina is on a different scale. If we consider the past 30 years, the average growth in Latin America was less than half of Asia’s, with volatility that nearly doubled Asian levels.