The Politics of Equity Finance in Emerging Markets

List of Illustrations
List of Tables
Preface
Introduction
1: Politics and the Extension of Equity Finance to Emerging Markets
Section I: Equity Finance in Historical Perspective
2: Financing Joint-Stock Companies in the Colonial Era
3: New States, New State Involvement
4: Globalization without Integration: International Considerations
5: Privatization and Share Supply in Emerging Markets
Section II: Case Studies of Stock Exchanges in Regional Perspective
Section Introduction
6: Latin America
7: Asia and the Pacific
8: Russia and East Europe
9: Africa and the Middle East
Section III: Conclusion
10: Stock Exchanges in the Global Political Economy
Appendixes
Index

Illustrations
Figures
Developed countries' stock of FDI in developing countries by host region
1: Market capitalization of EM firms listed in London
2: Market capitalization of EM firms listed in New York
3: International privatizations as a percentage of international equities offered
4: Equity issued as a percentage of GDP
5: Growth in market capitalization of emerging markets
6: Growth in number of listed domestic companies in emerging markets

Tables
1: Appearance of organized equity markets
2: Announced international equity issues
3: Summary of stock exchanges established in the imperial era
4: Average annual growth rates of flows of direct foreign investment from developed countries to developing countries, 1960-1978
5: Russian and Eastern European methods of privatization
6: Privatized company stock transactions in Chile
7: Summary of Latin American cases examined
8: Summary of Asian cases examined
9: Growth of the Budapest stock exchange
10: Growth of the Warsaw stock exchange
11: Summary of Russian and East European cases examined
12: Summary of African and Middle Eastern cases examined