HISTORICAL OVERVIEW OF LEGAL REGULATION OF PROPERTY RELATIONS BETWEEN SPOUSES IN AZERBAIJAN

This paper reviews the determinants of financial development and its role in economic growth developing countries.The paper employed both traditional and non-traditional methods of research by reviewing relevant theoretical and empirical literature on the factors of financial of development as well as on the finance-growth nexus.In addition to reviewing theoretical and empirical research on the relationship between finance and economic development, this paper looked at some general factors of financial development, including social trust, income level, trade transparency, political environment, environmental and geographical factors, national income, and others.When the relationship between financial development and economic growth in sub-Saharan African countries was examined, it became clear that financial development has a direct impact 10 Scientific research of the SCO countries: synergy and integration International Conference on economic growth in the region because it aids in the accumulation of funds through the pooling of savings, which are then distributed to the various economic sectors.Comparing the patterns in financial development to those in economic development shows that when financial development declines, economic growth retards.Consequently, it is useful for policymakers to create and adopt policies that could promote financial development, which will in turn cause economic development.