Frisbeeteria
12-10-2006, 21:24
International Stock Exchange
A resolution to reduce barriers to free trade and commerce.
Category: Free Trade | Strength: Significant | Proposed by: Nullarni
Description: RECOGNIZING that the world has no standard Stock-exchange, and, therefore relies on liaisons and intermediaries in order to buy, sell and trade corporate stocks between national borders;
AND ALSO NOTING that there are currently over 100,000 separate stock exchanges and market exchanges, causing loss in efficiency* and economic stagnation on a global scale; inefficiency
THE GENERAL ASSEMBLY OF THE UNITED NATIONS shall create an International Stock Exchange by:
1) Combining all current national stock exchanges and other market exchanges under one UN regulated market.
Including but not limited to the following reasons:
a. Cutting cost. It is to use the existing national stock exchanges as an infrastructure. They will still exist, just not as individual stock exchanges.
b. Providing standardization. If each nation’s individual stock exchanges remained intact, there would be complications like selling of the same shares twice and other communication and booking nightmares like that.
c. minimalization of financial loss. The international stock exchange, would instantly become a monopoly, decimating the independent stock exchanges. So if you incorporate them into the international stock exchange, they become branches and not competitors of it.
d. Making the the change relatively easy in accordance to point number one.
2) Friendly and (or,) hostile take over and purchasing of all international liaison and intermediary corporations, (whose main source of profit is from purchasing, selling and trading stock between borders,) at the current market value.
(See previous): If there is only one stock exchange, the companies that make money off of buying and selling between stock exchanges would lose their business. Now loss of businesses in this caliber would be damaging to the economy and government purchase of these companies would allow the business owners to reinvest their money into other business ventures instead of having to undergo such a significant loss. And this would, in the long term be much better for the international economy.
3) Ensuring the tariff-free and tax-free purchase, sale, and trade of all stock, within its own market.
(See previous:) Even though there will only be one market, the trading of stocks will still be across borders. Therefore, they are subject to nations putting tariffs on the purchase and sales of the stock across their borders. So, it was included to make the point clear that this action would be considered unacceptable.
4) Providing easy, prompt, and accurate transfer and display of stock ownership and prices for public and private corporations, households, and individuals.
(See previous:) This will allow trading of stock to be more efficient, fluid, and accurate.
5) Provide a means of free currency exchange at each nations exchange to encourage purchase and sell of stock.
(See previous:) Free currency exchange will provide encouragement to purchase stock by allowing stock purchase in whatever national currency the entrepreneur wishes.
DOING SO will provide opportunities of economic growth to all nations within the UN, and encouraging better relations within the UN by causing economic inter-dependency. This will also make the global market far more efficient and cause the transfer of funds to be faster and more economical.
Modedit: The original thread on this topic became corrupted. If we manage to fix it, we'll merge this one back into it. Sorry, Nullarni.
A resolution to reduce barriers to free trade and commerce.
Category: Free Trade | Strength: Significant | Proposed by: Nullarni
Description: RECOGNIZING that the world has no standard Stock-exchange, and, therefore relies on liaisons and intermediaries in order to buy, sell and trade corporate stocks between national borders;
AND ALSO NOTING that there are currently over 100,000 separate stock exchanges and market exchanges, causing loss in efficiency* and economic stagnation on a global scale; inefficiency
THE GENERAL ASSEMBLY OF THE UNITED NATIONS shall create an International Stock Exchange by:
1) Combining all current national stock exchanges and other market exchanges under one UN regulated market.
Including but not limited to the following reasons:
a. Cutting cost. It is to use the existing national stock exchanges as an infrastructure. They will still exist, just not as individual stock exchanges.
b. Providing standardization. If each nation’s individual stock exchanges remained intact, there would be complications like selling of the same shares twice and other communication and booking nightmares like that.
c. minimalization of financial loss. The international stock exchange, would instantly become a monopoly, decimating the independent stock exchanges. So if you incorporate them into the international stock exchange, they become branches and not competitors of it.
d. Making the the change relatively easy in accordance to point number one.
2) Friendly and (or,) hostile take over and purchasing of all international liaison and intermediary corporations, (whose main source of profit is from purchasing, selling and trading stock between borders,) at the current market value.
(See previous): If there is only one stock exchange, the companies that make money off of buying and selling between stock exchanges would lose their business. Now loss of businesses in this caliber would be damaging to the economy and government purchase of these companies would allow the business owners to reinvest their money into other business ventures instead of having to undergo such a significant loss. And this would, in the long term be much better for the international economy.
3) Ensuring the tariff-free and tax-free purchase, sale, and trade of all stock, within its own market.
(See previous:) Even though there will only be one market, the trading of stocks will still be across borders. Therefore, they are subject to nations putting tariffs on the purchase and sales of the stock across their borders. So, it was included to make the point clear that this action would be considered unacceptable.
4) Providing easy, prompt, and accurate transfer and display of stock ownership and prices for public and private corporations, households, and individuals.
(See previous:) This will allow trading of stock to be more efficient, fluid, and accurate.
5) Provide a means of free currency exchange at each nations exchange to encourage purchase and sell of stock.
(See previous:) Free currency exchange will provide encouragement to purchase stock by allowing stock purchase in whatever national currency the entrepreneur wishes.
DOING SO will provide opportunities of economic growth to all nations within the UN, and encouraging better relations within the UN by causing economic inter-dependency. This will also make the global market far more efficient and cause the transfer of funds to be faster and more economical.
Modedit: The original thread on this topic became corrupted. If we manage to fix it, we'll merge this one back into it. Sorry, Nullarni.