In a recent article in USA Today, Professor Roberta Karmel commented on the changes occurring in stock exchanges throughout Asia. As Asian markets have become more competitive, stock exchanges in Hong Kong, Singapore, and the Philippines are upgrading their trading systems and extending hours. Governments however are beginning to worry about the effects the increased foreign capital will have on local economies. Professor Karmel explains, "The stock exchanges want a lot of trading, whereas the economic policymakers are looking for stability."
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