"Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry"
- Arthur Levitt
About this Quote
This quote by Arthur Levitt speaks to the existing state of the securities industry. In today's world, competitors, innovation, and globalization have all come together to develop an environment of innovation and change. The competitors in between companies has actually driven them to develop brand-new and much better products and services, while innovation has enabled them to do so more quickly and effectively. Globalization has opened up new markets and permitted firms to gain access to resources and clients from worldwide. All of these forces have integrated to develop an environment of quick change and innovation in the securities industry, permitting firms to remain ahead of the competition and stay competitive in the international market.
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