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Capital markets facilitate capital growth by mobilizing savings and converting them into investments, and they are … therefore a stimulant of economic growth. There is evidence that countries with high savings rates tend to grow faster. Although …
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Capital flight is a major issue in developing economies; the problem is more severe in Africa, where domestic investment has been affected. Much attention has been given to the effect of legal and foreign capital flows in the international capital movement, disregarding illicit capital outflows...
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