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
The world is going through the biggest wave of mergers and acquisitions ever witnessed. The process sweeps from hyperactive Amer
The world is going through the biggest wave of mergers and acquisitions ever witnessed. The process sweeps from hyperactive Amer
admin
2014-01-07
30
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 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 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.
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 author cited the multinationals in Argentina in order to
选项
A、arouse concern over the stability of the world economy.
B、criticize the overemphasis on the development of multinationals.
C、be a contrast to the insufficient concern about smaller national firms.
D、illustrate the increasing importance of multinationals in international trades.
答案
D
解析
根据题干中的multinationals in Argentina定位到第2段第5句。在该句中提到的Argentina的情况是为了说明该段前几句的观点:跨国公司生意越做越大,地位越来越重要,将四个选项的内容与此对比,可发现D意思最相近,故为本题答案。
转载请注明原文地址:https://jikaoti.com/ti/vzmMFFFM
0
专业英语四级
相关试题推荐
Wherecanpeoplefindthetallestredwoodtrees?
WhichofthefollowingisNOTmentionedintheBeijingannouncement?
Whichreasonforstudents’absencesisdiscussedingreatdetail?
Today,theearthisintroubleforthefollowingreasonsEXCEPTthat______.
Thewomanwas______beforewhenexamswerecoming.
Ifeveragain______happensanaccidentlikethis,wewillhaveonlyourselvestoblame.
Ihaveknownveryfewwriters,butthoseIhaveknown,andwhomIrespected,confessatoncethattheyhavelittleideawhereth
Thisdisease______itselfinyellownessoftheskinandeyes.
Treesdomorethanmakelifepleasant;theymakelife【C1】______.Treesget【C2】______throughtheirrootsand,primarilythrough
AnAustralianresearchgroupmayeasehumanity’scollectiveconscienceoveraspateofprehistoricextinctionsonthesouthernc
随机试题
调质的过程是怎样的?
根据加工条件选用合适的可转位铣刀,能提高切削效率和降低成本。通常在强力间断铣削铸铁、碳钢和易产生加工硬化的材料时,应选用__________。
()是指材料在高温下能保持其硬度的性能。
患者男性,30岁,近半年总觉得有人跟踪他,常听见有人在议论如何对付他,继而出现闷闷不乐,整天闭门不出,写信到公安局要求保护。该患者诊断最可能是
外汇敞口主要来源于银行表内外业务中的货币金额和期限错配。()
一般来说,美式期权的期权费比欧式期权的期权费要高一些。()
某公司是一家高新技术企业,目前正在进行股份制改造。公司高层决定以此为契机,对公司进行重新设计,并着力进行组织文化建设,以形成鼓励创新和民主参与的文化。为此,公司决定聘请某著名管理咨询公司帮助公司进行变革。双方商定,在组织结构设计中,应重点考虑公司战略、管理
2013年1月1日某企业所有者权益情况如下:实收资本200万元,资本公积17万元,盈余公积38万元,未分配利润32万元。当年实现净利润80万元,假定企业当年未进行利润分配,则该企业2013年12月31日留存收益为()万元。
存货模式和随机模式是确定最佳现金持有量的两种方法。对这两种方法的以下表述中,正确的有()。
在考生文件夹下打开文档WORD.DOCX,按照要求完成下列操作并以该文件名(WORD.DOCX)保存文件。按照参考样式“word参考样式.jpg”完成设置和制作。具体要求如下:设置第一段落文字“中国网民规模达5.64亿”为标题;设置第二段落文字“互
最新回复
(
0
)