A Legal Appraisal of The International Capital Market

Abstract

Development is critical to all nations and must essentially be sustainable for the growth of the different aspects of a
country?s national life. Capital is a major driver of development, but it is necessary to note that more countries
lack requisite capital to drive their economic and other kinds of growth. The international capital market has thus evolved and
grown tremendously over the years to the rescue of many countries which have taken advantage of its ample resources,
while many others have yet to take due advantage of the evergrowing market, most particularly countries in the African region and many others in the Asian region. This paper examines the evolution and development in the international
capital market over the recent past; the role played by the key players in the market, and appraises how the recent
developments have influenced development generally across the world in the face of evolving international legal framework.