KBA Workshop - Euromoney Conferences

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Policy Implications of the “demand following” hypothesis: Financial activity, is the result of economic growth. Financial development has very little effect on economic growth. It simply follows economic growth as opposed to creating it. On this ground, any planned efforts to promote financial development is plainly an unnecessary use of resources given that a resulting improvement in the financial sector will have little effect on growth.
Which direction of causation in the current context of Kuwait? Almost irrelevant in light of the current plan and its vision (“Kuwait 2035”): "Transforming Kuwait into a financial and trade center, attractive to investors, where the private sector leads the economy, creating competition and promoting production efficiency, under the umbrella of enabling government institutions, which accentuates values, safeguards social identity, and achieves human resource development as well as balanced development, providing adequate infrastructure, advanced legislation and inspiring business environment".
Page 1 and 2: The Finance-Development Nexus: The
Page 3 and 4: Financial Development and Economic
Page 5 and 6: How does the “supply leading” h
Page 7: The “demand following” hypothes
Page 11 and 12: Commonly cited “worries”: The
Page 13 and 14: Is “state-run funding” the way
Page 15 and 16: Is “state funding” the way to g
Page 17 and 18: Is the banking sector able to handl

KBA Workshop - Euromoney Conferences

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