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
2025-01-03
12
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] From paragraph 4, we can infer that ______.
选项
A、the increasing concentration is certain to hurt consumers
B、World Com serves as a good example of both benefits and costs
C、the costs of the globalization process are enormous
D、the Standard Oil trust might have threatened competition
答案
D
解析
从第四段可见,当时就是因为标准石油托拉斯威胁了公平竞争,人们才使其解散。
转载请注明原文地址:https://tihaiku.com/zcyy/3896680.html
相关试题推荐
Theworldisgoingthroughthebiggestwaveofmergersandacquisitionsever
Theworldisgoingthroughthebiggestwaveofmergersandacquisitionsever
Theideathatgovernmentshouldregulateintellectualpropertythroughcopyri
Theideathatgovernmentshouldregulateintellectualpropertythroughcopyri
Theideathatgovernmentshouldregulateintellectualpropertythroughcopyri
Thepreventionofillnessthroughexerciseandnutritionwasasmallstepfro
Thepreventionofillnessthroughexerciseandnutritionwasasmallstepfro
ThefirstAsaninvestmentbankerspecializinginmergersandacquisitions,F
ThefirstAsaninvestmentbankerspecializinginmergersandacquisitions,F
ThefirstAsaninvestmentbankerspecializinginmergersandacquisitions,F
随机试题
G8summitisdiscussing【B1】______aid,【B2】______debtand【B3】______fairert
Thebenefitsofquittingsmoking—reducedriskofcancerandmanyotherhealt
下列哪项是按照特定的要素指标对岗位进行的纵向分级?()A.职门 B.职组
下列句子中,没有语病的一项是( )(3分)A.国家海洋博物馆通过地球、海洋、生
总经理是期货公司经营管理的第一负责人,首席风险官应当按照总经理的安排和意见对公司
在建的建筑工程因故中止施工的,建设单位应当自中止施工之日起一个月内,向发证机关报
关于人寿保险的说法,错误的是()。 A.人寿保险可分为团体人寿保险和个人人寿保
SFs全封闭组合电器内,各元件应分成若干气隔。气隔中气体系统的压力,除()外,
依法必须进行招标的项目,招标人应当自收到评标报告之日起3日内公布中标候选人,公示
根据《中华人民共和国建筑法》,建筑施工企业可以自主决定是否投保的险种是( )。
最新回复
(
0
)