BENEL D. LAGUA
In today’s volatile, uncertain, complex and ambiguous world, the need for government intervention, especially in the finance world, has become more pronounced. In the past, there was a universal belief that the government should be less involved because there is an invisible hand that ensures that when the country achieves growth, it will eventually trickle down to all members of society. This laissez-faire view contends that government can do more harm than good by intervening directly in the financial system.