IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-13801-2_9.html

Emerging Markets, Industrialisation and Economic Development

In: Financial Fragility, Debt and Economic Reforms

Author

Listed:
  • Ajit Singh

Abstract

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 Economist’s list rose from less than a hundred billion to nearly a trillion US dollars.2 The corresponding growth in the combined capitalisation of industrial countries’ markets was a little more than threefold — from three trillion to ten trillion US dollars. A number of leading individual emerging markets (for example, Mexico, Korea and Thailand) recorded over this period a more than twenty-fold increase in total market capitalisation of companies quoted on the stock exchanges. By the early 1990s the latter figure for many emerging markets, whether considered in absolute terms or as a proportion of GDP, was greater than that for the average medium-sized advanced country markets in Europe (for example Sweden, Denmark and Finland).

Suggested Citation

  • Ajit Singh, 1996. "Emerging Markets, Industrialisation and Economic Development," Palgrave Macmillan Books, in: Sunanda Sen (ed.), Financial Fragility, Debt and Economic Reforms, chapter 8, pages 153-173, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-13801-2_9
    DOI: 10.1007/978-1-349-13801-2_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • G0 - Financial Economics - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-13801-2_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.