首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
(1)The world is going through the biggest wave of mergers and acquisitions ever witnessed. The process sweeps from hyperactive A
(1)The world is going through the biggest wave of mergers and acquisitions ever witnessed. The process sweeps from hyperactive A
admin
2021-10-20
39
问题
(1)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?"
(2)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.
(3)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.
(4)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 re-create 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 WorldCom, 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.
(5)Yet the fact remains that the merger movement must be watched. A few weeks ago, Alan Greenspan warned against the megamergers 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?
The forces behind the wave of mergers and acquisitions will result in
选项
A、enhanced markets
B、lower trade cost
C、the undermined of globalization
D、advantages to customers
答案
D
解析
第3段第2句开头的All these指的是该段第1句的forces,可见,第2句表明这些forces对消费者是有利的,因此,本题应选D。A和B是第1句冒号后的内容,在原文中,冒号后列举了各种forces,可见,A和B是forces本身,而非forces带来的结果。C中的undermine与原文中的underlie意思完全不同。
转载请注明原文地址:https://jikaoti.com/ti/bPzMFFFM
0
专业英语四级
相关试题推荐
Maryislookingforsome______togowithherblackandwhiteeveninggownfortheparty.
Itcanbetemptingtomakeahastydecisionwhenakilleropportunitycomesalongorthethoughtofspendinganotherdayonthe
Commutershavea40percentgreaterriskofendingupdivorced,accordingtoauniversitystudy.【C1】_____youarereading
In1972,acenturyafterthefirstnationalparkintheUnitedStateswasestablishedatYellowstone,legislationwaspassedto
Hisbedroomis_____onlythroughasecretbackentrance.
Shewasstandingoutsideinthesnow,_______withcold.
PASSAGETHREEInPara.3,whatdoesthephrase"jockeyforposition"mean?
Listentothefollowingpassage.Altogetherthepassagewillbereadtoyoufourtimes.Duringthefirstreading,whichwillbe
A、OnFridayevening.B、OnSaturdayafternoon.C、OnSaturdaymorning.D、OnFridaymorning.B①选项都是时间短语,注意对话中的相关内容。②女士在对话中说会在周六下午把东
PeoplethroughoutthehistoryhavesoughtwaystoalterconsciousnesaA【C1】_____exampleisthesweatlodgeritualoftheSioux
随机试题
在下列甲状腺癌中,最常见的是
下列构成职务侵占罪的有:()
下列有关生态现状评价的评价要求,正确的有( )。
下列关于人口年龄结构金字塔的表述,哪项是错误的?()
混凝土立方体标准抗压试件的边长为( )mm。
当事人认为行政机关和行政机关工作人员的具体行政行为侵犯其合法权益,拟直接向人民法院提起行政诉讼的,下列表述正确的有()。
关于奉献,正确的认识是()
属于美国心理学家帕滕从社会性发展的角度将幼儿的游戏分为的种类的有()。
A、酷爱摄影B、去过南极C、是位资深记者D、是位气象专家B
Ifyouwanttoenteranewfieldthatisverydifferentfromyourbackgroundorcurrentdegree,youcan______.
最新回复
(
0
)