Structural reform, rather than being seen as just a negative concept involving the laying off of workers and the elimination of marginal firms, should be taken as a development concept: by shifting resources to sectors with high productivity it serves to heighten firms’ competitiveness and bring a renewed expansion of employment and economic growth.
Global financial reform: themes and prospects As the last of the policy challenges I will address today, I should like to talk about the global financial reform presently underway. The current discussion worldwide concerning financial sector reform was precipitated by the latest global financial crisis.