SINGH, Ajit creator text 1993 monographic Examines 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. 3/7/00 M2LMGR 20260716043317.0