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
考研
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
2010-12-21
45
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 merge 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 Corn, 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 am 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 corn petition? And should one country take upon itself the role of "defending competition" on issues that affect many other nations, as in the U. S..
According to the author, one of the driving forces behind M&A wave is ______.
选项
A、the greater customers’ demands
B、a surplus supply for the market
C、growing productivity
D、the increase of the world’s wealth
答案
A
解析
第三段指出the most important forces behind the massive M&A wave are...and enlarged markets that require enlarged operations capable of meeting customers’ demands.“合并一并购大浪潮背后的推动力是…以及扩大的市场要求扩大操作以能够满足消费者的需求。”B项在第三段中并没有体现。C项、D项不是原因而是结果。因此,选择C答案。
转载请注明原文地址:https://kaotiyun.com/show/eJua777K
本试题收录于:
翻译硕士(翻译硕士英语)题库专业硕士分类
0
翻译硕士(翻译硕士英语)
专业硕士
相关试题推荐
ShakespearehadthegoodfortunetowriteHamletbeforeanyonecouldtellhimhowtofixit.Wereheworkingtoday,theplaywrit
QS标志由“质量安全”英文(QualitySafety)字头QS和“质量安全”中文字样组成。标志主色为蓝色,字母“Q”与“质量安全”四个中文字样为蓝色,字母“S”为白色。QS标志是我国的()标志。
Ofthefollowingsoundcombinations,only________ispermissibleaccordingtothesequentialrulesinEnglish.
Whentheyoungmanrealizedthatthepolicehadspottedhim,hemade______theexitasquicklyaspossible,onlytofindthatt
Perhapsweshouldthinkintermsofraisinginterestrates______them,inconsiderationofthenewreportsaboutinflationrepo
ThebasisofthisconsensusisabeliefthatimprovedrelationswiththeU.S.wouldserveIranianinterestsonavarietyoffro
Australia’sfrogsarehavingtroublefindinglove.Trafficnoiseandothersoundsofcitylife,suchasairconditionersandcon
Moderninfomercialsusuallyreliedoncelebrityendorsementratherthanhigh-pressuresalesmentolentcredibilitytotheirprod
Althoughthefalsebanknotesfooledmanypeople,theydidnot________tocloseexamination.
Sheflewintoa________whennobodywouldlendheranymoney.
随机试题
应当回避的法定理由有
近代以来,中国人民面对的历史任务是
经济全球化的特点和重要标志是( )
把下面的六个图形分为两类,使每一类图形都有各自的共同特征或规律,分类正确的一项是()。
周某和张某都是中国公民,1993年结婚。1996年移民外国,2002年二人请求离婚,但该外国法院认为离婚之诉应该由婚姻缔结地的法院管辖,而不予受理案件,二人向国内法院提起诉讼,根据我国法律,下列哪些法院可以有权管辖此案件?
根据水利部《水利建设质量工作考核办法》(水建管[2014]351号),建设项目质量事故应急处置主要考核内容不包括()。
学业评价是指根据测验分数、观察和报告,对被测验者的行为、作业的优点或价值做出()。
Sowhatisdepression?Depressionisoftenmoreaboutangerturned(1)_____thanitisaboutsadness.Butit’susually(2)_____
在窗体上画一个名称为Command1的命令按钮,再画两个名称分别为Label1、Label2的标签,然后编写如下程序代码:PrivateXAsIntegerPrivateSubCommand1_Click()
Whatisthemainpurposeofthecall?
最新回复
(
0
)