Financial crises provide ideal opportunities to examine the soundness of national governance and financial system. National strengths as well as weaknesses were uncovered through examining the effectiveness of crisis management and the resilience of various governance systems. Regions such as ASEAN and Nordic countries clearly reported that one of the main reasons of their faster recovery was the experience they learned from and the reforms they adopted after previous financial crisis. As such, lessons learned and reforms after the 2008 global financial crisis will also shed lights for future crises.
Navigating Intellectual Capital After the Financial Crisis pp 109-125