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The cosy relationship between governments, banks and firms insulated business from market forces, encouraging excessive borrowing and a wasteful use of resources.
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Above all, no country in the region has succeeded in insulating business from politics.Take Malaysia, where efforts at reform look the most radical.
Focus and discipline have a way of insulating businesses against the ebbs and flows of the marketplace.
"Verizon takes the risk out of what will happen going forward and insulated its business".
For one thing, much major auto-body work is covered by insurance, which means it is somewhat insulated from business cycles.
He said: "The chancellor is prepared to insulate big business from [green levies] but not to insulate the homes of the fuel poor.
Tax experts said corporations create offshore subsidiaries in tax havens for many legitimate reasons, including keeping profits earned overseas from being taxed in the United States, avoiding American regulation and insulating foreign business partners from American tax law.
He has organized Green Mama's Russian operations as a series of small companies, registered separately, in order to help insulate the business from threats of seizure in any possible property disputes.
TechCrunch understands that Wonga used Experian data sets, however, it's not known what data enrichment they did on top of that to lower credit score thresholds, and thus insulate the business from the risk of lending unsustainable loans.
Anheuser-Busch-InBev has completed comprehensive assessments of their climate risks and has funded research into steps that will allow them to adapt and insulate the business from climate disruptions.
Government transfer programs such as Social Security were also insulated from the business cycle.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com