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
• Read this text about FDI. • Choose the best sentence from the sentences that follow to fill each of the gaps. • For each gap 9
• Read this text about FDI. • Choose the best sentence from the sentences that follow to fill each of the gaps. • For each gap 9
admin
2010-01-28
52
问题
• Read this text about FDI.
• Choose the best sentence from the sentences that follow to fill each of the gaps.
• For each gap 9-14, mark one letter (A-H) on your Answer Sheet.
• Do not use any letter more than once.
Advantages of FDI
Companies invest directly only if they think that they hold some supremacy over similar companies in countries of interest. The advantage results from a foreign company’s ownership of some resources--patents, product differentiation, management skills, access to markets--unavailable at the same price or terms to the local company. This is known as monopoly advantages before direct investment. The cost of transferring resources abroad is increasing and there is perceived greater risk of operating in a foreign country. (9) . Companies from certain countries may enjoy a monopoly advantage if they borrow capital at a lower interest rate than companies from other countries. In recent years, capital markets have become international, so it is possible for companies to borrow abroad more easily if interest rates are lower there.
(10) . Currency values, however, do not provide a strong explanation for FDI patterns. The currency-strength scenario only partially explains direct investment flows. More internationally oriented companies can get advantage from spreading out some of the costs of product differentiation, R & D, and advertising compared to less internationally oriented companies. Among industry groups and groups of companies of similar size that spent comparable amounts on advertising and R & D, the more internationally oriented companies in almost every case earned more than the others.
(11) Besides, with inflow of equipment, the skills of local worker can be improved. New management can also be introduced to the local companies to improve the administration of the enterprises of the local management.
From the perspective of a nation, FDI may bring some benefits. FDI can make a positive contribution to a host economy by supplying capital, technology, and management resources that would otherwise not be available. The provision of these skills by an MNE (through FDI) may boost that country’s economic growth rate. (12) . Technology is a catalyst that can stimulate a country’s economic growth and industrialization. Technology can take two forms, both of which are valuable. It can be incorporated in a production process (e. g., the technology for discovering, extracting, and refining oil). However, many countries lack the research and development resources and skills required to develop their local product and processing technology. (13) . Such countries need rely on advanced industrialized nations for much of the technology required to stimulate economic growth, and FDI can provide it.
Foreign management skills provided through FDI may also produce important benefits for the host countries. Beneficial spinoff effects arise when local personnel who are trained to occupy managerial, financial, and technical posts in the subsidiaries of a foreign MNE subsequently leave the firm and help to establish local firms. (14) .
A. Besides, new advanced technology can be introduced to the host country.
B. On the other hand, local companies can enjoy the advanced technology which they lack.
C. Therefore, a company will not undertake FDI if it does not see a higher return than it can get at home country and if it does not think it can outperform local firms.
D. FDI is especially important to developing countries.
E. This is particularly true of the less developed countries (LDCs).
F. Likewise, benefits may arise if the superior management skills of a foreign MNE stimulate local suppliers, distributors, and competitors to improve their own management skills.
G. Another advantage is when the foreign company’s currency has high buying power.
选项
答案
E
解析
转载请注明原文地址:https://kaotiyun.com/show/wSKd777K
本试题收录于:
BEC高级阅读题库BEC商务英语分类
0
BEC高级阅读
BEC商务英语
相关试题推荐
Lookatthegraphic.Whatcolorpaintwillthewomanmostlikelychoose?
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.(Thecandidatechoosesonetopic
(Thecandidatechoosesonetopicandspeaksaboutitforoneminute.)A.Careerdevelopment:theimportanceofacquiringarange
Inthispartofthetest,youareaskedtogiveashorttalkonabusinesstopic.Youhavetochooseoneofthetopicsfromthe
•YouwillhearpartofaninterviewbetweenJessiePaul,theglobalmarketingheadinQuintant,andaninterviewer.•Foreachqu
•YouwillhearabusinesspresentationaboutHigh-ImpactViralMarketingStrategies.•Asyoulisten,forquestions1—12,complet
•YouwillhearabusinesspresentationaboutHigh-ImpactViralMarketingStrategies.•Asyoulisten,forquestions1—12,complet
HowtoapproachListeningTestPartThree•InthispartoftheListeningTestyoulistentoalongconversationorinterviewan
HowtoapproachListeningTestPartThree•InthispartoftheListeningTestyoulistentoalongconversationorinterviewan
随机试题
The______goalofthebookistohelpbridgethegapbetweenresearchandteaching,particularlythegapbetweenresearchersan
女性,32岁,反复发热37.5~38℃左右1个月,伴关节肌肉酸痛就诊,体检:轻度贫血,心界不大,心率90次分,心尖区有收缩期吹风样杂音Ⅲ级,并有收缩中期喀喇音。诊断为风湿性心脏病,二尖瓣关闭不全,发热待查。本例拟给予心内膜炎诊断性治疗,对抗生素反应良
下列法律渊源属于行政法规范畴的是()。
某公路隧道位于设计基本地震动峰值加速度0.20g的地区,其隧道边缘距离主断裂边缘的距离应大于()m。
“十一五”期间,我国住宅建筑和公共建筑严格执行节能()的标准。
企业领导系统的核心是()。
【2010年】处于初创阶段的公司,一般不宜采用的股利分配政策有()。
放学后,15岁的李某与同学王某在酒店和朋友聚餐,在喝完从酒店买的白酒后,李某与王某发生了争执,李某拿起酒瓶击中王某的头部,致使王某成为植物人。此次伤害事件中,下列说法正确的是()。
为什么说“三个代表”是我们党的立党之本、执政之基、力量之源?
A公司发行在外的零息债券剩余期限为一年,面值为100元,当前价格为96.15元,若A公司为全权益公司,它的贝塔系数为1.2,公司的目标负债一权益比为0.3,市场组合的期望收益率为11%,同期国债的收益率为3.5%,税率为35%,求公司的加权平均资本成本。
最新回复
(
0
)