Unlocking Capital Market Potential to Revitalize Economically Lagging West Areas
The lack of capital formation is holding back development in the west areas. Factors like low economic growth, limited investment returns, and financial constraints are to blame. To boost capital formation, the focus should be on improving the capital market. This can be achieved through system innovation, attracting private investment, and enhancing financial markets. By doing so, the west areas can attract more capital and improve their economic prospects.