00640nam a2200085Ia 4500100001600000245009700016260000900113520041300122583001900535  aSINGH, Ajit  aStock-market and economic development : should developing countries encourage stock-markets?  c1993  aExamines the role that the stock-market can play in the economic and industrial development of newly industrializing countries.  Considers how, if at all, the negative features of third-world stock markets can be contained.  Concludes that, to the extent that developing countries do have a choice, they should attempt to foster bank-based financial systems rather than establish and encourage stock markets.  c3/7/00kM2LMGR