The impact of capital markets on economic development in countries

Abstract The role of capital markets in the global economy is evolving with increasing financial innovation. This paper offers a complete assessment of the work done so far in order to evaluate the role of capital markets in establishing a safe and sustainable world and builds a research framework for examining the connection between financing and sustainable development on the basis of the review. The paper presents empirical data and underlines the critical questions that political decision makers, scientists, practitioners, global financial institutions for development and other players need to address. The study culminates with the development of important investigation gaps.