11359. CAPITAL MARKETS IN DEVELOPING COUNTRIES. CAPITAL MARKETS IN DEVELOPING COUNTRIES. Argues that one of the reasons for slow economic growth in LDCs is the absence of well-developed financial markets. Demonstrates this by looking at historical examples and some present-day ones, especially the fast-growing Pacific Rim nations. Considers how such markets make economic growth possible. 6 pages, 12 footnotes, 11 bibliographic sources.