首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
The world is going through the biggest wave of mergers and acquisitions ever witnessed. The process sweeps from hyperactive Amer
The world is going through the biggest wave of mergers and acquisitions ever witnessed. The process sweeps from hyperactive Amer
admin
2014-09-27
33
问题
The world is going through the biggest wave of mergers and acquisitions ever witnessed. The process sweeps from hyperactive America to Europe and reaches the emerging countries with unsurpassed might. Many in these countries are looking at this process and worrying:"Won’t the wave of business concentration turn into an uncontrollable anti-competitive force?"
There’s no question that the big are getting bigger and more powerful. Multinational corporations accounted for less than 20% of international trade in 1982. Today the figure is more than 25% and growing rapidly. International affiliates account for a fast growing segment of production in economies that open up and welcome foreign investment. In Argentina, for instance, after the reforms of the early 1990s, multinationals went from 43% to almost 70% of the industrial production of the 200 largest firms. This phenomenon has created serious concerns over the role of smaller economic firms, of national businessmen and over the ultimate stability of the world economy.
I believe that the most important forces behind the massive M&A wave are the same that underlie the globalization process: falling transportation and communication costs, lower trade and investment barriers and enlarged markets that require enlarged operations capable of meeting customers’ demands. All these are beneficial, not detrimental, to consumers. As productivity grows, the world’s wealth increases.
Examples of benefits or costs of the current concentration wave are scanty. Yet it is hard to imagine that the merger of a few oil firms today could recreate the same threats to competition that were feared nearly a century ago in the U.S. , when the Standard Oil trust was broken up. The mergers of telecom companies, such as World Com, hardly seem to bring higher prices for consumers or a reduction in the pace of technical progress. On the contrary, the price of communications is coming down fast. In cars, too, concentration is increasing (witness Daimler and Chrysler, Renault and Nissan) but it does not appear that consumers are being hurt.
Yet the fact remains that the merger movement must be watched. A few weeks ago, Alan Greenspan warned against the megamergers in the banking industry. Who is going to supervise, regulate and operate as lender of last resort with the gigantic banks that are being created? Won’t multinationals shift production from one place to another when a nation gets too strict about infringements to fair competition? And should one country take upon itself the role of "defending competition" on issues that affect many other nations, as in the U. S. vs. Microsoft case?
What is the typical trend of businesses today?
选项
A、To take in more foreign funds.
B、To invest more abroad.
C、To combine and become bigger.
D、To trade with more countries.
答案
C
解析
主旨题。第一段第一句即点明了全文主题:世界正经历一次历史上最大的合并重组浪潮。所以C为正确答案。
转载请注明原文地址:https://kaotiyun.com/show/e6Rd777K
本试题收录于:
公共英语四级笔试题库公共英语(PETS)分类
0
公共英语四级笔试
公共英语(PETS)
相关试题推荐
Theotherformsoffolktalesarealsowidespreadthroughouttheworld.Animaltalesfallintotwomajorcategories:those,such
Everyplaceisdifferent.Thatis【21】______makesgeographysointeresting.It【22】______ustonewplaces,todifferentwa
Everyplaceisdifferent.Thatis【21】______makesgeographysointeresting.It【22】______ustonewplaces,todifferentwa
D.H.LawrenceisoneofthegreatestEnglishnovelistsofthe20thcentury,and,perhaps,thegreatestfromaworking-classfam
D.H.LawrenceisoneofthegreatestEnglishnovelistsofthe20thcentury,and,perhaps,thegreatestfromaworking-classfam
StandardEnglishisthevarietyofEnglishwhichisusuallyusedinprintandwhichisnormallytaughtinschoolsandtonon-nat
TherewasnotanytobaccoinSpainuntil______.
TherewasnotanytobaccoinSpainuntil______.
Whydidmanhavetotrackhistargetatacloserangewhenusingashortbow?
Smokingisconsidereddangeroustothehealth:Ourtobacco-sellerMr.Johnson,therefore,alwaysaskshiscustomers,iftheyare
随机试题
8岁雌性犬,多尿,烦渴,腹部下垂,躯体两侧对称性脱毛,食欲亢进,肌肉无力萎缩,嗜睡。该犬最有可能患的疾病是
A.马勃B.野菊花C.银柴胡D.板蓝根E.苦参
某建设项目的建设单位为甲公司,施工单位为乙公司,监理单位为丙公司,依据《建设项目安全设施“三同时”监督管理办法》,下列关于该建设项目安全设施施工和竣工验收的表述中,正确的是()。
采用K=115快速响应扩展覆盖喷头的自动喷水灭火系统,同一配水支管上喷头的最大间距和相邻配水支管的最大间距,矩形布置时长边不应大于()m。
管理技能开发的基本模式包括()。
下列对国家、阶级、政党关系的表述中,正确的有()。①有政党必有阶级和国家②有阶级、国家必有政党③在当代,执政党的阶级属性与国家的性质相一致④国家、政党是阶级统治的工具
在所有社会伦理关系中,君臣、父子这两伦,被视为人伦纲常之大端,其与法律的关系更是剪不断、理还乱。君臣秩序系于忠义,为政治统治者所需;父子伦理存于孝义,亦为法律规制所依赖。故历代统治者莫不将“忠”“孝”这两种伦理观念视为长治久安之根基,在公开标榜忠道的同时,
A.条件(1)充分,但条件(2)不充分B.条件(2)充分,但条件(1)不充分C.条件(1)和(2)单独都不充分,但条件(1)和条件(2)联合起来充分D.条件(1)充分,条件(2)也充分E.条件(1)和(2)单独都不充分,两个条件联合起来也不充分
计算机病毒是指“能够侵入计算机系统并在计算机系统中潜伏、传播,破坏系统正常工作的一种具有繁殖能力的()。
A、Theyreducedtheemployees’compensations.B、Theyfrozepays.C、Theyfiredmanyworkers.D、Theynolongerofferedpensionorh
最新回复
(
0
)