It is about better jobs and greater economic and political security. Indeed, globalization is the reason for much of the economic success we have enjoyed over the past decade. Countries that seize the opportunities flowing from globalization and apply its disciplines will be better equipped to weather the difficult times and recover the fastest. Because today, there is no alternative. We have learned that the so-called alternatives exchange controls, import substitution, and state management do not work.
Capitalism is a system of profit and loss.
That is why capitalism works. It rewards good decisions and punishes bad ones. While economic reform is a key to sustained recovery, vigorous implementation of complementary political reforms increases the chances for success. Asia ' s challenge is not only economic but also political. The best way for Asian countries to build the broad public support needed to implement difficult reform measures is to initiate an open dialogue with all segments of society.