Otherwise there is a risk of undermining and weakening local management as they will be denied the opportunity to make decisions on the operation of the local business. The fact is that staff will not realise their potential unless there is an enabling environment for them to discharge their responsibilities.
Indeed, there is new-found sympathy for these tools in the international community, at least when they’re applied in a temporary and targeted manner as a form of international macro-prudential stabilization. It is important, however, that nothing that is done as a possible short-term palliative be allowed to interrupt the rebalancing and necessary process of normalization that is underway in the global economy.