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Ultimately we trade products for products, and to express oneself in a currency whose value is defined by the dollar is the best way to facilitate those exchanges.
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We have agreed to facilitate trade and people-to-people exchanges, recognizing that protectionism is detrimental to both our economies.
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In seeking to match buyers and sellers in large transactions that have historically proven difficult to execute on the traditional exchanges, the Zanbato Sutter ATS hopes to facilitate the sharing of investment opportunities between, on the one hand, governmental agencies, corporations and financial advisors, and, on the other hand, a network of qualified institutional investors.
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B2B pioneers envisaged them, it is now clear that independent exchanges such as DoveBid depend crucially on deep industry knowledge and must add value with services that facilitate transactions, says Hal Varian of the School of Information Management and Systems at the University of California, Berkeley.
ECONOMIST: If you think B2B marketplaces are dead, read on