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Wall Street as the World's Marketplace
Sylvia Porter argues Wall Street is the world’s marketplace, drawing foreign investment and shaping global finance. She notes 1962 foreign securities sold in New York reached 1 billion dollars, with prior years, and describes five factors giving New York superiority: a central U.S. market, single currency, price stability, strong regulation, and comprehensive trade reporting.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
Europe
Western
U. S
Morgan Guaranty Trust Co
NYSE
Milan