首页
登录
职称英语
The world is going through the biggest wave of mergers and acquisitions ever
The world is going through the biggest wave of mergers and acquisitions ever
游客
2023-08-29
32
管理
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 economics that open up and welcome foreign investment. In Argentina, for instance, after the reforms of the early 1990s, multinationals went from 43% to 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 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 damaging, to customers. As productivity grows, the world’s wealth increases.
Examples of benefits or costs of the current concentration wave are not so many. 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? [br] In fact, the mergers of telecom companies bring______prices for consumers.
选项
答案
lower
解析
根据线索词the mergers of telecom companies定位在第四段,文中指出电信公司的合并,似乎并没有给消费者带来价格的提升,相反通讯价格快速降低,故这里应该填higher的反义词lower。
转载请注明原文地址:http://tihaiku.com/zcyy/2966893.html
相关试题推荐
AscivilwarseruptedthroughouttheRomanRepublicinthe1stcenturyB.C.
AscivilwarseruptedthroughouttheRomanRepublicinthe1stcenturyB.C.
Todaytheworld’seconomyisgoingthroughtwogreatchanges,bothbiggerth
Todaytheworld’seconomyisgoingthroughtwogreatchanges,bothbiggerth
Todaytheworld’seconomyisgoingthroughtwogreatchanges,bothbiggerth
Todaytheworld’seconomyisgoingthroughtwogreatchanges,bothbiggerth
Todaytheworld’seconomyisgoingthroughtwogreatchanges,bothbiggerth
Todaytheworld’seconomyisgoingthroughtwogreatchanges,bothbiggerth
Thebiggestsafetythreatfacingairlinestodaymaynotbeaterroristwith
Thebiggestsafetythreatfacingairlinestodaymaynotbeaterroristwith
随机试题
•Readthearticlebelowabouttherelationshipbetweentradeanddevelopment.
HowtosetpricesThemethodsadoptedinpricesetti
[img]2012q2/ct_eyyjsdz2010b_eyyjsdreadc_0174_20121[/img]Inmanybusinesses,
They’ve______thepricesintheshop,soit’sagoodtimetobuy.A、decreasedB、
墙面抹石灰浆的硬化过程是()。A.与空气中的水分合成氢氧化钙 B.与空气
下列关于审慎的理解,最正确的是()A.周密谨慎 B.瞻前顾后 C.认
下列有关利益冲突的相关说法中,错误的是( )。A、如果会计师事务所的商业利益或业
变电站现场运行通用规程由各省公司分管领导组织()等专业部门会审并签发执行。运检$
某地拟在一滨海风景名胜区附近建一国际一流的国际会议中心、滨海旅游度假中心。项目规
急性肾盂肾炎的治疗应是 A.根据药敏结果应用抗生素 B.用药后症状消失即停药
最新回复
(
0
)