Stock Markets: A Spur to Economic Growth - Finance & Development - March 1996 - Ross Levine

@inproceedings{ROSSLEV1998StockMA,
  title={Stock Markets: A Spur to Economic Growth - Finance & Development - March 1996 - Ross Levine},
  author={I ROSSLEV and Ross Levine},
  year={1998}
}
VER THE past 10 years, the total value of stocks listed in all of the world’s stock markets rose from $4.7 trillion to $15.2 trillion, while the share of total world capitalization represented by the emerging markets jumped from less than 4 percent to almost 13 percent. Trading in the emerging markets also surged: the value of shares traded climbed from less than 3 percent of the world total in 1985 to 17 percent in 1995. The emerging markets have attracted the interest of international… CONTINUE READING

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