Conclusions: The East Asian Crisis: Lessons for Today and Tomorrow

Stiglitz, Joseph E.

The basic point I would like to make here is that as we move into a context which is more and more international--where international transactions are more important--various issues will surface: whether the national government structures are appropriate for international transactions and finance; whether we are going to require more international agreements--there is not the kind of national regulatory structures at the international level--or whether we need to evolve supra-national systems that are going to address that. I believe this is one of the main questions that will have to be debated in the coming years.



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April 10, 2013