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 never witnessed.The process sweeps from hyperactive Amer
The world is going through the biggest wave of mergers and acquisitions never witnessed.The process sweeps from hyperactive Amer
admin
2015-05-29
35
问题
The world is going through the biggest wave of mergers and acquisitions never 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 customer’s 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 WorldCom, 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?
From Paragraph 4 we can infer that______.
选项
A、the increasing concentration is certain to hurt consumers
B、WorldCom serves as a good example of both benefits and costs
C、the costs of the globalization process are enormous
D、the Standard Oil trust might have threatened competition
答案
D
解析
本题可参照文章的第4段。从中可知,目前的这种合并是有利可图还是要付出代价,有关的实例不多;然而,很难想象,今天几家石油公司的合并会再现美国一个世纪以前标准石油托拉斯解体时对竞争所产生的同样的威胁;像世界电信这类电信公司的合并似乎不会给消费者带来更高的费用,或是减缓技术进步的速度;与之相反,通信费用正在急速下降;汽车行业的合并也在逐渐增加,但是,消费者的利益好像并没有受到损害。据此可知,美国的标准石油托拉斯曾经给竞争带来过威胁。D项与文章的意思相符,因此D项为正确答案。
转载请注明原文地址:https://kaotiyun.com/show/ivLO777K
0
考博英语
相关试题推荐
Britishfoodhasagoodreputation,butEnglishcookinghasabadone.Itisdifficulttoexplainthereasonforthis.Unfortuna
Muchhasbeenwrittenaboutpovertybutnoneoftheaccountsseemtogetattherootoftheproblem.Itmustbenotedthatthew
TheAmericaneconomy,whetheringovernmentorprivateindustry,hasfoundretirementaconvenientpracticeformanagingthelab
Whenitcomestotheslowingeconomy,EllenSperoisn’tbitinghernailsjustyet.Butthe47-year-oldmanicuristisn’tcutting,
FewpeoplewoulddefendtheVictorianattitudetochildren,butifyouwereaparentinthosedays,atleastyouknewwhereyou
Mostofustelloneortwoliesaday,accordingtoscientistswhostudythesethings.Andwerarelygetcaught,becausethelie
StandingontherimoftheGrandCanyon,gazingacrossthisgiantwoundintheEarth’ssurface,avisitormightassumethattheca
Humanbeingisaproductoftheconsecutivelyevolutionalprocesswhichinvolvescountlesstimesofgenetictransformation.Thei
Lithography(平版印刷术)isanartprocessofprintingfromaplanesurfaceonwhichtheimagetobeprintedisink-receptiveandtheb
InDeathValley,California,oneofthehottest,mostaridplacesinNorthAmerica,thereismuchsalt,andsaltcandamagerock
随机试题
行政许可申请人以欺骗、贿赂取得行政许可且申请的行政许可直接关系公共安全、人身健康、生命财产安全事项的,申请人不得再次申请该行政许可的期限是()。
艺术活动的三个环节是()
下列统计指标中属于相对指标的是( )。
()是一种按证券进入市场的顺序而形成的结构关系。
与审计中发现核算误差后的处理方法类似,对于审计中发现的重分类误差,注册会计师也应根据重要性原则,将其区分为调整的重分类误差和未调整重分类误差两类,以便决定是否建议被审汁单位调整以及如何调整。( )注册会计师Q在审计过程中发现以下情况:2006年度,Y
城市化是指乡村人口向都市人口转化,生产方式与生活方式由乡村型向城市型转化的一个历史进程。下列不属于城市化进程要素的是()。
阅读下列资料,回答下列问题。2010年,全国国有建设用地土地供应总量42.8万公顷,比上年增长18.4%。其中,工矿仓储用地15.3万公顷,增长7.9%;商服用地3.9万公顷,增长40.4%;住宅用地11.4万公顷,增长40.3%;基础设施等其他
ABC公司对劳务收入的确认采用完工百分比法。2011年2月1日该公司与客户签订了一项劳务合同,合同总收入为200万元,预计合同总成本为180万元,合同期限为2年。截至2011年12月31日,该工程实际已经发生成本108万元,则ABC公司2011年度应确认的
1912年,德国魏格纳提出了什么假说?(厦门大学2010翻译硕士)
A、Sheshouldfollowthehumannature.B、Strangersarenothingtobeafraidof.C、Feelingnervousisnothingimproper.D、Sheshou
最新回复
(
0
)