2001年考研英语三层递进攻克阅读理解
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Theworldisgoingthroughthebiggestwaveofmergersandacquisitionseverwitnessed。TheprocesssweepsfromhyperactiveAmericatoEuropeandreachestheemergingcountrieswithunsurpassedmight。Manyinthesecountriesarelookingatthisprocessandworrying:“Won’tthewaveofbusinessconcentrationturnintoanuncontrollableanticompetitiveforce?”
There’snoquestionthatthebigaregettingbiggerandmorepowerful。Multinationalcorporationsaccountedforlessthan20%ofinternationaltradein1982。Todaythefigureismorethan25%andgrowingrapidly。Internationalaffiliatesaccountforafastgrowingsegmentofproductionineconomiesthatopenupandwelcomeforeigninvestment。InArgentina,forinstance,afterthereformsoftheearly1990s,multinationalswentfrom43%toalmost70%oftheindustrialproductionofthe200largestfirms。Thisphenomenonhascreatedseriousconcernsovertheroleofsmallereconomicfirms,ofnationalbusinessmenandovertheultimatestabilityoftheworldeconomy。
IbelievethatthemostimportantforcesbehindthemassiveM&Awavearethesamethatunderlietheglobalizationprocess:fallingtransportationandcommunicationcosts,lowertradeandinvestmentbarriersandenlargedmarketsthatrequireenlargedoperationscapableofmeetingcustomer’sdemands。Allthesearebeneficial,notdetrimental,toconsumers。Asproductivitygrows,theworld’swealthincreases。
Examplesofbenefitsorcostsofthecurrentconcentrationwavearescanty。YetitishardtoimaginethatthemergerofafewoilfirmstodaycouldrecreatethesamethreatstocompetitionthatwerefearednearlyacenturyagointheU。S。,whentheStandardOiltrustwasbrokenup。Themergersoftelecomcompanies,suchasWorldCom,hardlyseemtobringhigherpricesforconsumersorareductioninthepaceoftechnicalprogress。Onthecontrary,thepriceofcommunicationsiscomingdownfast。Incars,too,concentrationisincreasing—witnessDaimlerandChrysler,RenaultandNissan—butitdoesnotappearthatconsumersarebeinghurt。
Yetthefactremainsthatthemergermovementmustbewatched。Afewweeksago,AlanGreenspanwarnedagainstthemegamergersinthebankingindustry。Whoisgoingtosupervise,regulateandoperateaslenderoflastresortwiththegiganticbanksthatarebeingcreated?Won’tmultinationalsshiftproductionfromoneplacetoanotherwhenanationgetstoostrictaboutinfringementstofaircompetition?Andshouldonecountrytakeuponitselftheroleof“defendingcompetition”onissuesthataffectmanyothernations,asintheU。S。vs。Microsoftcase?
63.Whatisthetypicaltrendofbusinessestoday?
[A]totakeinmoreforeignfunds[B]toinvestmoreabroad
[C]tocombineandbecomebigger[D]totradewithmorecountries
64.Accordingtotheauthor,oneofthedrivingforcesbehindM&Awaveis。
[A]thegreatercustomerdemands[B]asurplussupplyforthemarket
[C]agrowingproductivity[D]theincreaseoftheworld’swealth
65.Fromparagraph4wecaninferthat。
[A]theincreasingconcentrationiscertaintohurtconsumers
[B]WorldComservesasagoodexampleofbothbenefitsandcosts
[C]thecostsoftheglobalizationprocessareenormous
[D]theStandardOiltrustmighthavethreatenedcompetition
66.Towardthenewbusinesswave,thewriter’sattitudecanbesaidtobe。
[A]optimistic[B]objective[C]pessimistic[D]biased