Corporate sector vulnerabilities and governance issues are increasingly seen to have played key roles in the Asian crisis. Recent economic literature has gone so far as to place these at the center of the crisis. While the debate as to the main causes of the crisis will no doubt continue, it is clearly important to be able to identify the main corporate sector vulnerabitities and to ensure that sufficient reforms are undertaken in order to avoid future crises stemming from the corporate sector and to ensure that this sector can withstand financial crises, whatever the cause.
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