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(收购)ever witnessed. The process sweeps from hyperactive A
The world is going through the biggest wave of mergers and acquisitions(收购)ever witnessed. The process sweeps from hyperactive A
admin
2020-04-14
27
问题
The world is going through the biggest wave of mergers and acquisitions(收购)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 mega mergers 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 violation 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?
The forces behind the wave of merger and acquisition will result in ______.
选项
A、enhanced markets
B、advantages to customers
C、lower trade cost
D、the initiating of globalization
答案
B
解析
第3段第2句中的all these指的就是本段首句提到的推动合并和收购浪潮的力量,而第2句中的beneficial to consumers与选项B是同义替换,因此选项B为本题答案。
转载请注明原文地址:https://kaotiyun.com/show/q4W7777K
0
大学英语六级
相关试题推荐
TheHealthBenefitsofDrinkingWater—Isbottleddrinkingwaterhealthierthanfilteredtapwater?[A]Waterisakeyin
A、TheroleofimmigrantsintheconstructionofAmericansociety.B、TheimportanceofofferingdiversecoursesinEuropeanhisto
Everybodyloathesit,buteverybodydoesit.Arecentpollshowedthat40%ofAmericans【C1】______thepractice.InAmericaalone,
A、Hereceivedacallfromthedelegation.B、HediscussedwiththePolanddelegation.C、Heknewitthroughthecontracttheysign
A、Allwereconcernedaboutboxes.B、Allweredemonstratedwithcelebrity.C、Allweredemonstratedlongerthanaweek.D、Allwere
Since2007,theAmericanPsychologicalAssociation(APA)hasconductedasurveyofdifferentaspectsofstressinAmerica,Thisye
A、Heisunabletopreventstudentsfromfighting.B、Heispopularforhisdevotiontoteaching.C、Hislecturesarehardtounder
A、Hehastobe40percentsmarter.B、Hehastoworkforlongertime.C、Heneedstohaveabettereducation.D、Heshouldhaveso
A、Theycouldbecontrolledindependently.B、Theywerefireresistant.C、Theycouldkeepoperatingforalongerperiodoftime.D
随机试题
汇总付款凭证的借方科目可能是()
李某户籍所在地是北京市海淀区,工作单位位于北京市朝阳区。2007年9月李某在合肥市出差时因涉嫌参与赌博而被合肥市包河区公安分局传唤,后被公安局以参与赌博为由处以罚款400元。在处罚以前,李某被留置于合肥市庐阳区三天。经复议李某对罚款和留置措施提起行政诉讼。
背景国内某海外公司中标非洲某国一座污水处理厂,该厂设计处理污水15万t/d。主要工程包括一个沉砂池,四个初次沉淀池,四个二次沉淀池,两个污泥浓缩池,两个污泥消化池,一个生物消化池。全部采用钢筋混凝土结构,整个厂区共有3200m管道,分别是管径DN3
我国工程建设标准按级别不同,可以分为()。
Excel表格处理操作考试要求:(1)将标题字体设为“宋体”,26磅,下划线,置于表格正上方居中。(2)计算每名员工的总奖金。(3)确定每名员工的等级。确定方法:总奖金大于30000的定为“优秀”,否则为“普通”。
商业银行应当向销售人员提供每年不少于()的培训。
根据政府采购法律制度的规定,下列情形中,采购人可以采用邀请招标方式采购的有()。
根据消费税法律制度的规定,下列各项中,属于消费税征税范围的消费品有()。
拍纪实作品就像熬中药一样,需要慢火,需要工夫。我常常觉得,纪实作品就像齿轮一样,少了哪一个环节也转动不起来_____少了哪个阶段的作品,都无法很好地反映整个时代的_____。只有把每个时期的东西都_____记录下来,才可以好好地进行总结和_____。我始终
【B1】【B7】
最新回复
(
0
)