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Volume :24 Issue : 92 1999      Add To Cart                                                                    Download

THE ROLE OF FINANCE IN PROMOTING PRIVATE INVESTMENT IN SAUDI ARABIA 1970 – 1995

Auther : Dr. Abdullah H. Al-Batel

 

One of the most important tasks in developing countries is the creation of financial institutions and capital markets to fill gaps in the kinds of credit and equity provided by private individuals and institutions. The advantages of introducing financial and capital markets in these countries are in terms of increased opportunities for savers, extended credit for investment and increased control over corporate management efficiency. Financial and capital markets creation gives more flexibility to the economic system since increases in the variety and magnitude of financial institutions and services improve the allocation of saving and investment.

Literature on the development process stresses the importance of capital accumulation and the role of financial institutions and capital markets in this process. Thus, accumulation of real physical capital has long been regarded as one of the major factors in economic development. Investment also plays a major role in economic growth and stabilization and its fluctuation has a significant impact on the general functioning of the economy.

 

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