ARAB FINANCIAL MARKETS EFFICIENCY IN PROMOTING ECONOMIC GROWTH IN VIEW OF GLOBALIZATION CHALLENGES

Arab countries undertook financial liberalization programs aimed at promotingdomestic savings and directing them efficiently towards financing investment projects,which will be likely to have positive impacts on economic growth.The purpose of this paper is to study aspects and issues relating to the Arab financialmarkets developments and examine its role in promoting savings and economic growth.To accomplish this aim, collected data will be used to estimate the effect of thefinancial markets development through four types of indicators of economical growth: percapita GDP growth, capital accumulation, savings, and economic efficiency.