The politics of equity finance in emerging markets / Kathryn C. Lavelle.

Includes bibliographical references (pages 251-265) and index.

Politics and the extension of equity finance to emerging markets -- Equity finance in historical perspective -- Financing joint-stock companies in the colonial era -- New states, new state involvement -- Globalization without integration : international considerations -- Privatization and share supply in emerging markets -- Case studies of stock exchanges in regional perspective -- Latin America and the Caribbean -- Asia and the Pacific -- Russia and Eastern Europe -- Africa and the Middle East -- Conclusion -- Stock markets in the global political economy.

Publisher description: The author uses a political science paradigm to explain the growth of emerging equity markets. She departs from conventional economic explanations and examines politics at the micro-level of large issues of emerging market stock. The second half of the book presents case studies dealing with emerging market countries in Latin America, Asia, Russia and Eastern Europe, Africa and the Middle East. The case studies connect the regional, state, and firm levels to detail the multiple ownership and control arrangements, and to dispel the notion that mere quantitative growth of these markets will lead to a convergence in financial institutional structures along the lines of the industrial core of the world economy.