THE ROLE OF CAPITAL AND CREDIT MARKETS IN REGIONAL DEVELOPMENT: PROBLEMS AND ISSUES
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This paper discusses the major problem facing regional capital and credit markets in their relationship to regional development. There are two ways in which capital and credit markets play a crucial role in regional development: (1) they mobilize local savings resources and allocate them between sectors and industries within the region and (2) they provide the mechanism by which financial resources flow between the region and the national economy.