首页
登录
职称英语
The world is going through the biggest wave of mergers and acquisitions(收购)e
The world is going through the biggest wave of mergers and acquisitions(收购)e
游客
2024-03-12
27
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/3528945.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
Everyyearthroughouttheworld【C1】______6,000earthquakesaredetected.The
[originaltext]Imagineabigexplosionasyouclimbthrough3.000ft.Imagin
[originaltext]Imagineabigexplosionasyouclimbthrough3.000ft.Imagin
[originaltext]Imagineabigexplosionasyouclimbthrough3.000ft.Imagin
Throughouthistorymanhasobservedsuchnaturalcyclesastherisingandse
Throughouthistorymanhasobservedsuchnaturalcyclesastherisingandse
随机试题
Schoolsoutsidecities[A]Withitssandybeaches,charm
Completethenotesbelow.WriteNOMORETHANTWOWORDSAND/ORANUMBERforeach
关汉卿杂剧的主要题材有()A.神仙道化剧 B.历史剧 C.爱情风月剧 D.
某企业在生产经营的淡季,拥有流动资产100万元和长期资产500万元;在生产经
共用题干 WhatisChineseNewYear?Inmanyp
预防骨牵引针孔感染的措施,错误的是()。A.防止牵引针左右滑动 B.针孔处无
肝癌术后护理不正确的是A.密切观察生命体征及重要脏器功能变化 B.做好引流管的
先用开放式问题提问,再用行为性的问题将话题引入关键事件上,这是面试的()。A.
一般资料:求助者,男性,69岁,已婚,初中文化,退休职工。 案例介绍:求助者已
根据《标准施工招标文件》,组成施工招标文件的有()。A.投标人须知 B.发包
最新回复
(
0
)