Privatization and Capital Market Development

Privatization and capital markets support and reinforce each other to promote economic growth around the world. This work is intended to fill a gap in the literature by discussing the links between privatization and capital markets, and to provide useful insights for policy makers in developing countries and in the international donor agencies, for academics and practitioners dealing with economic development, and for the internationally minded private sector around the world. Privatization, in its various forms, and the development of capital markets will be a primary catalyst for economic growth and development well into the next century.

MICHAEL P. McLINDON is the president of Emerging Markets Research and Investments. Dr. McLindon is a privatization and capital markets specialist with many years of experience in the emerging market countries of Asia, Latin America, Africa and Europe. He has published and lectured widely in this area. He is also a Chartered Financial Analyst (CFA).