Date Added: Oct 2010
The global financial and economic crisis marks an important turning point for finance and the Asian growth model. Regional consensus is now supporting economic rebalancing away from the dominant focus on exports to developed markets and towards more a more balanced economic structure supported by domestic and regional financial development. In relation to finance, the crisis highlights the necessity of addressing a range of issues across the region. Asian approaches to financial liberalization, prudential regulation, and financial innovation are likely to be closely considered around the world.