The BIS or the IMF, he said, need to design a new scheme for international financial regulation that focuses on the real causes of the crisis, which of course are neither free movement of capital nor capital markets themselves.
With more trade, more institutional stability worldwide and a better regulated international financial system, there is no reason why we should not continue to see another three decades of prosperous growth. A prosperous future is in our hands, Mr. Aznar pointed out.
Federation of Indian Chambers of Commerce and Industry
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