Access to capital is the key [Archives:2004/722/Letters to the Editor]
March 22 2004
David Lockhorn
[email protected]
Access to capital is a critical step in development. There are also investors and groups of investors large enough to manipulate individual stocks, some currency markets and some stock markets.
It may serve just as well to negotiate with an existing exchange to handle Yemen's financial interests. Negotiations would probably make that exchange more open to scrutiny, improve reporting standards and strengthen the exchange.
Board seats and control would be shared by both countries. And the stronger institution would be less easily manipulated. For the largest companies, the tighter standards will make it easier for them to get listed on the DAX or DOW as well.
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[archive-e:722-v:13-y:2004-d:2004-03-22-p:letters]
