SUSTAINABLE ECONOMIC DEVELOPMENT AND FINANCIAL INTEGRATION IN DEVELOPING COUNTRIES
SUSTAINABLE ECONOMIC DEVELOPMENT AND FINANCIAL INTEGRATION IN DEVELOPING COUNTRIES

Summary/Abstract: Recently, the importance of financial integration has been increasing in both developing and developed countries. Ensuring sustainable economic development, especially for developing countries, is one of the main goals. Ensuring sustainable economic development will trigger financial integration along with it. At the same time, the opposite of this situation is also true. In this study, more advanced developed developing countries are included in terms of economic development. At the same time, Turkish states were also included in the study. Correlation analysis method is used in the study. In the application part, 7 developing countries: Russia, Singapore, India, Turkey, Brazil, Malaysia, Kazakhstan’s daily return data were used and interpreted appropriately based on stock market indexes in 2018-2022. From this, additional descriptive statistics were found, from which the general situation of the stock market was examined. Within the scope of the study, it has been observed that financial integration is low in countries with lower economic development compared to developed countries. It is certain that the financial integration process in these countries will accelerate with the provision of sustainable economic development.

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