Munich Personal RePEc Archive

Emerging markets, industrialisation and economic development

Singh, Ajit (1995): Emerging markets, industrialisation and economic development. Published in: Book Chapter in Sen, S., Financial Fragility, Debt and Economic Reforms, Macmillan, London and New York (1996): pp. 1-30.


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An outstanding feature of the world financial economy during the last decade or so has been the establishment and the very fast expansion of stock markets in developing countries. Between 1982 and 1992 the total combined capitalisation of companies quoted on the emerging markets included in the IFC list rose from less than hundred billion dollars to nearly a trillion U.S. dollars.

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