On balance, there appears to be a greater advantage in achieving a well-managed and appropriate integration into the global process, which would imply more effective - but not necessarily intrusive or extensive - interventions by governments.
The response to financial instability The response of the international community to the episodes of instability that have affected the world’s monetary and financial system since the 1980s has been on the whole conducted on a case-by-case basis, with an emphasis on “domestic” factors and circumstances, rather than on “systemic” determinants.