CEVAP:

Integrating developing countries into the international financial architecture requires coping with four issues:

First issue: developing countries have to perform a number of tasks in order to stabilize their economies

Second issue: executing the second generation
reforms to provide an institutional setting suitable for a modern economy,

Third issue: countries where the above-mentioned tasks have already been achieved or advanced to a large extent will need to defeat the resistance of markets in financing developing countries on a continual basis;

Fourth issue: despite the fact that carrying out the above-mentioned tasks would considerably reduce the risk of financial crisis, it may not help eliminate it completely.