Liberalization leads to increase in prices, lowers expected returns, lowers dividend yield (better measure than returns, evidence of permanent price increase) lowers cost of capital increases real investment and leads to increase in economic growth. Correct any errors if you would like to in this sentence.
Dude, did you not see the other thread.
yes but all this is based on the hope that liberalisation (economic integration) leads to financial integration. it could be the case that the bar is open but no one is drinking!