دور الأسواق المالية في النمو الاقتصادي في الدول العربية

الملخص

It is expected from stock markets to play a positive role in the process of
economic development, specially after capturing the role of commercial
banks in financial mediation. This expected role tempted most developing
countries to provide various facilities in order to secure the appropriate
environment for these markets to exist. Thus, Arab countries witnessed the
birth of such markets in their economies. On the contrary to expectation, the
statistical analysis revealed the falsity of these markets in promoting
economic growth in Arab region. In fact, these markets are not but a
speculation club or a place to wash money and facilitate the imposed
structural changes.