Most political and business leaders gathered at the World Economic Forum this week agree on one thing: the global economy is facing its biggest test in more than a decade.

But we should also agree that turbulent conditions, throughout history, have been an opportunity for reform. This latest test of world financial systems presents a window in which to address fundamental issues that, if tackled properly, will improve economic management, regulation and the fight against inflation, and help us prevent similar crises in the future.