考研英语真题阅读企业并购.docx

考研英语真题阅读企业并购

无论在学习或是工作中，我们经常跟试题打交道，借助试题可以为主办方提供考生某方面的知识或技能状况的信息。你所见过的试题是什么样的呢？以下是小编精心整理的考研英语真题阅读企业并购，欢迎大家分享。考研英语真题阅读1Theworldisgoingthroughthebiggestwaveofmergersandacquisitionseverwitnessed.TheprocesssweepsfromhyperactiveAmericatoEuropeandreachestheemergingcountrieswithunsurpassedmight.Manyinthesecountriesarelookingatthisprocessandworrying:“Wontthewaveofbusinessconcentrationturnintoanuncontrollableanti-competitiveforce?"Theresnoquestionthatthebigaregettingbiggerandmorepowerful.Multinationalcorporationsaccountedforlessthan20%ofinternationaltradein1982.Todaythefigureismorethan25%andgrowingrapidly.Internationalaffiliatesaccountforafast-growingsegmentofproductionineconomiesthatopenupandwelcomeforeigninvestment.InArgentina,forinstance,afterthereformsoftheearly1990s,multinationalswentfrom43%toalmost70%oftheindustrialproductionofthe200largestfirms.Thisphenomenonhascreatedseriousconcernsovertheroleofsmallereconomicfirms,ofnationalbusinessmenandovertheultimatestabilityoftheworldeconomy.IbelievethatthemostimportantforcesbehindthemassiveM&Awavearethesamethatunderlietheglobalizationprocess:fallingtransportationandcommunicationcosts,lowertradeandinvestmentbarriersandenlargedmarketsthatrequireenlargedoperationscapableofmeetingcustomersdemands.Allthesearebeneficial,notdetrimental,toconsumers.Asproductivitygrows,theworldswealthincreases.Examplesofbenefitsorcostsofthecurrentconcentrationwavearescanty.Yetitishardtoimaginethatthemergerofafewoilfirmstodaycouldre-createthesamethreatstocompetitionthatwerefearednearlyacenturyagointheU.S.,whentheStandardOiltrustwasbrokenup.Themergersoftelecomcompanies,suchasWorldCom,hardlyseemtobringhigherpricesforconsumersorareductioninthepaceoftechnicalprogress.Onthecontrary,thepriceofcommunicationsiscomingdownfast.Incars,too,concentrationisincreasing—witnessDaimlerandChrysler,RenaultandNissan—butitdoesnotappearthatconsumersarebeinghurt.Yetthefactremainsthatthemergermovementmustbewatched.Afewweeksago,AlanGreenspanwarnedagainstthemegamergersinthebanking