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The Politics of Equity Finance in Emerging Markets$
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Kathryn C. Lavelle

Print publication date: 2004

Print ISBN-13: 9780195174090

Published to Oxford Scholarship Online: April 2005

DOI: 10.1093/0195174097.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 September 2019

Stock Markets in the Global Political Economy

Stock Markets in the Global Political Economy

Chapter:
(p.189) 10 Stock Markets in the Global Political Economy
Source:
The Politics of Equity Finance in Emerging Markets
Author(s):

Kathryn C. Lavelle (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0195174097.003.0010

This concluding chapter sums up the argument of the book and considers contending views on stock exchanges as an independent variable where economic growth, financial contagion, and democracy in the semi-periphery and periphery of the world system become the dependent variable. It compares emerging stock markets and the price mechanism in corporate governance with developed markets in the core of the world economy. Finally, it considers the future of stock markets in broader processes of financial globalization.

Keywords:   emerging stock markets, developed stock markets, globalization, price mechanism, corporate governance

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