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中华硕博网核心提示: 2001年考研英语三层递进攻克阅读理解Text4Theworldisgoingthroughthebiggestwaveofmergersandacquisitionseverwitnessed。Theprocesssweepsfromhyperac

2001年考研英语三层递进攻克阅读理解

Text4

Theworldisgoingthroughthebiggestwaveofmergersandacquisitionseverwitnessed。TheprocesssweepsfromhyperactiveAmericatoEuropeandreachestheemergingcountrieswithunsurpassedmight。Manyinthesecountriesarelookingatthisprocessandworrying:“Won’tthewaveofbusinessconcentrationturnintoanuncontrollableanticompetitiveforce?”

There’snoquestionthatthebigaregettingbiggerandmorepowerful。Multinationalcorporationsaccountedforlessthan20%ofinternationaltradein1982。Todaythefigureismorethan25%andgrowingrapidly。Internationalaffiliatesaccountforafastgrowingsegmentofproductionineconomiesthatopenupandwelcomeforeigninvestment。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

(编辑:佚名)