Sustaining economic growth: the role of the capital market

Abstract

In the presence of so many distinguished economists from the public and private sectors as well as the academia from both Malaysia and overseas, it would be inappropriate for me (a non-economist) to take you through the series of economic indicators and to expound on the reasons behind the nation's rapid economic growth over the past years. However, since the topic of my paper this afternoon is the role of the capital market in sustaining economic growth, I shall attempt, in layperson's terms, to establish the link between the capital market and economic development and thereafter to outline the various efforts which have, hitherto, been undertaken by the authorities in ensuring the continued contribution of the capital market to economic growth.