The implementation of standards should also proceed in an orderly, gradual, and realistic way in accordance with real circumstances. Otherwise, it could divert attention from more important areas. In my opinion, the most fundamental crisis prevention measure is the promotion of economic growth and social development.
The international community should reach a consensus on this and take effective steps to achieve economic growth for the whole world, particularly for the developing countries. Since the late 1990s, international financial crises have occurred frequently and the crisis countries have found it difficult to access financing on the international financial market, thus posing a threat to global financial stability.