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VIII. FINANCIAL MARKETS AND GROWTH IN
THE MEDITERRANEAN: THE NEXT STEPS
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Recent research suggests a link between financial market development and economic growth. One of the requirements for faster and more equitable growth is however further development and refinement three dimensions of financial-market development. These include: capital inflows and how to establish the conditions that will ensure the sound use of this capital; long-term finance and what it takes to develop long-term lending capabilities; and micro-banking and how can financial markets be democratized so that small entrepreneurs have better access to capital. |
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Topics Covered in This Section Long-Term Finance Managing Capital Flows in the MENA Region: Sustainable Banking with the Poor |
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