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
2023-12-17
49
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 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 bed 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 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? [br] What is the typical trend of businesses today?
选项
A、To take in more foreign funds.
B、To invest more abroad.
C、To combine and become bigger.
D、To trade with more countries.
答案
C
解析
文中多次提到“兼并(merger)”,故选项C“合并变大”符合文章意思。
转载请注明原文地址:https://tihaiku.com/zcyy/3282120.html
相关试题推荐
[originaltext]TornadoessweptthroughnorthernBangladesh,killingatleast
CommunicatingThroughInternetThehistoryoftheInternet
CommunicatingThroughInternetThehistoryoftheInternet
CommunicatingThroughInternetThehistoryoftheInternet
CommunicatingThroughInternetThehistoryoftheInternet
CommunicatingThroughInternetThehistoryoftheInternet
CommunicatingThroughInternetThehistoryoftheInternet
WhichuniversityofferscoursesthroughoneoftheBBC’stelevisionchannel?A、O
ThebiggestproblemfacingChileasitpromotesitselfasatouristdestinati
ThebiggestproblemfacingChileasitpromotesitselfasatouristdestinati
随机试题
Tenyearspassed,andIfoundthathehad______.A、somewhitehairB、afewwhite
[originaltext]W:So,haveyoufoundajobyet?M:No,but,Ihaveafewintervi
以下不是安全生产目标考核需要考虑的因素是( )。A.国家的有关法律法规规章制度
硝酸盐细菌从营养类型上看属于()。A.光能自养菌 B.化能自养菌 C.化
尿中出现大量非均一性红细胞提示红细胞来自A.尿道 B.膀胱 C.前列腺 D
2岁男孩,高热、频繁呕吐1天。查体:面色较苍白,双眼凝视,心肺无异常,颈软,克布
在应用风险模型制定审计计划时,CAE最应考虑的因素是:A.上次审计的结果 B.
当保冷层厚度大于( )mm时,应分为二层或多层逐层施工。每层厚度宜相近。A.
下列有助于诊断的实验室检查是() A.白细胞分类 B.血沉 C.血培养
不宜于采用振动沉桩法施工的土质是()。A.砂土 B.黏土 C.砂质黏土 D
最新回复
(
0
)