首页
登录
职称英语
The world is going through the biggest wave of mergers and acquisitions (收购)
The world is going through the biggest wave of mergers and acquisitions (收购)
游客
2023-08-10
0
管理
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? [br] What is mentioned about the wave of merger and acquisition?
选项
A、It is warmly welcomed by the American and European countries.
B、It turns to be an uncontrollable anti-competitive force.
C、It sweeps the world with unprecedented force.
D、It is a new trend in the business world that never appeared before.
答案
C
解析
选项C是对首段开头两句的概括,为本题答案。
转载请注明原文地址:https://tihaiku.com/zcyy/2912515.html
相关试题推荐
Everyyearthroughouttheworld【C1】______6,000earthquakesaredetected.The
Everyyearthroughouttheworld【C1】______6,000earthquakesaredetected.The
Everyyearthroughouttheworld【C1】______6,000earthquakesaredetected.The
Everyyearthroughouttheworld【C1】______6,000earthquakesaredetected.The
[originaltext]Imagineabigexplosionasyouclimbthrough3.000ft.Imagin
[originaltext]Imagineabigexplosionasyouclimbthrough3.000ft.Imagin
Throughouthistorymanhasobservedsuchnaturalcyclesastherisingandse
Throughouthistorymanhasobservedsuchnaturalcyclesastherisingandse
Throughouthistorymanhasobservedsuchnaturalcyclesastherisingandse
Throughouthistorymanhasobservedsuchnaturalcyclesastherisingandse
随机试题
Onamuchgenerallevel,ithashelpedshapeourhistoryandcontinuestoshape
Thetaskofbeingacceptedandenrolledinauniversitybeginsearlyforso
Itishardformodernpeopletoimaginethelifeonehundredyearsago.Not
下列土地使用权出让方式的表述中,何者是正确的?( )A.不得采取双方协议的方式
护理部质控组运用PDCA的管理办法,定期到临床检查要素质量、环节质量和终末质量,
客户在选择保险产品时需要考虑的因素不包括()。A:保险公司的经营状况 B:保险
隔离开关导电回路温差达到一般缺陷时,应对发热部位增加()次数,进行缺陷跟踪。
(2020年真题)2×17年至2×18年,甲公司发生的相关交易或事项如下:
Excel的退出可通过快捷键()执行。A、Alt+F4 B、Ctrl+C C
矿井涌水量预测方法的是( )。A.浮标法 B.容积法 C.观测水仓水位法
最新回复
(
0
)