Models from the Ricardian comparative advantage to the Heckscher-Ohlin factor endowment theory tell us that free trade is a win-win game for trading partners. Free trade is widely believed to make countries better off. Gross Domestic Product goes up and the standards of living of the trading countries improve as a result. As we know it, free trade is the core constituent of globalisation.
With securities now being issued in a dematerialised, book-entry format, it is envisioned that secondary market activity will be executed more timely and efficiently, compared to what was feasible with physical certificates.