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
55
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] According to the author, one of the driving forces behind M & A wave is ______.
选项
A、the greater customer demands
B、a surplus supply for the market
C、a growing productivity
D、the increase of the world’s wealth
答案
C
解析
文章第二段说推动M&A兼并的动力在于减低交通和通讯费用、减少贸易的投资等,但这些都不是起决定作用的,起决定作用的是生产力的发展……故选项C正确。
转载请注明原文地址:https://tihaiku.com/zcyy/3282121.html
相关试题推荐
Manhaswoefullymisusedtheearth’snaturalresourcesdownthroughtheages
Manhaswoefullymisusedtheearth’snaturalresourcesdownthroughtheages
Manhaswoefullymisusedtheearth’snaturalresourcesdownthroughtheages
Manhaswoefullymisusedtheearth’snaturalresourcesdownthroughtheages
Manhaswoefullymisusedtheearth’snaturalresourcesdownthroughtheages
Manhaswoefullymisusedtheearth’snaturalresourcesdownthroughtheages
TheAmericanTaxSystemGovernmentsraiserevenuesthroughtax
TheAmericanTaxSystemGovernmentsraiserevenuesthroughtax
TheAmericanTaxSystemGovernmentsraiserevenuesthroughtax
TheAmericanTaxSystemGovernmentsraiserevenuesthroughtax
随机试题
Oceanwaterplaysanindispensableroleinsupportinglife.Thegreatoceanb
It’sonlyanarguablyverywillfulmisinterpretationoftheancientMayanca
石材幕墙的石材孔、槽的()应符合设计要求。A.数量B.深度C.宽度D.位
污水中总氮由不同形态的氮化合物组成,下述哪种说法是错误的?()A.总氮=氨氮
陈老师在“二进制编码”一课的教学导入环节,依次用3个事例来说明信息在传递过程中的
各种运输方式内外部的各个方面的构成和联系,就是( )。 A.运输系统
建设(房地产)主管部门挪用住房专项维修资金的,由()(房地产)主管部门追回挪用的
项目管理的工作过程中,()的成果为具有合适的精细度和层级划分、可完整描述项目全
体内胆固醇生物合成的限速酶是( )。A.HMG-CoA合酶 B.HMG-Co
根据《环境影响评价技术导则土壤环境(试行)》,关于土壤环境影响评价任务的说法,错
最新回复
(
0
)