Discuss the impact of globalization in the world capital market with special reference to that of KSA
Globalization, the integration of international trade, investment, IT, culture etc. is not of recent origin. The ever increasing interdependency throughout the globe has let to design govt. policies so as to reduce the trade barriers for free flow of goods, services and capital.
At the international level, FDI outflow stock was the highest in case of Luxembourg at 380% of GDP in the year 2017. Slovak Republic share in this case was only 4% of GDP (2017), whereas it was 11% of GDP in the year 2016 for KSA. In the same year, inward FDI for Saudi Arabia was 36% of GDP. Annual change of market capitalization of issued shares in KSA has decreased from 25.2% (2013) to 0.5% (2017), Saudi Stock Exchange.
N.B.: Data (if possible up to date) is needed in support of the answer.
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