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 bed recreate 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 World Com, 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 mega mergers 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?
What is the typical trend of businesses today?
A.To take in more foreign funds.
B.To invest more abroad.
C.To combine and become bigger.
D.To trade with more countries.
第1题
电荷有规则的定向移动称为电流。凡大小和方向都不随时间变化的电流称为_____。
A.直流电流
B.稳恒电流
C.交流电流
D.稳压电流
第2题
电荷有规则的定向移动称为电流。凡大小和方向都随时间变化的电流称为()。
(A)直流电流
(B)稳衡电流
(C)交流电流
(D)稳压电流
第3题
电荷有规则的定向移动称为电流。凡大小和方向都不随时间变化的 电流称为()。
(A)直流电流
(B)稳衡电流
(C)交流电流
(D)稳压电流
第4题
电荷有规则的定向运动称为电流。凡大小和方向都不随时间变化的电流称为_______。
A.直流电流
B.稳恒电流
C.交流电流
D.稳压电流
第5题
电荷有规则的定向移动称为电流。凡方向不随时间变化的电流称为_____。
A.直流电流
B.稳恒电流
C.交流电流
D.稳压电流
第6题
电荷有规则的定向运动称为电流。凡方向不随时间变化的电流称为_______。
A.直流电流
B.稳恒电流
C.交流电流
D.稳压电流
第7题
电荷有规则的定向移动称为电流。凡方向不随时间变化的电流称为()。
(A)直流电流
(B)稳衡电流
(C)交流电流
(D)稳压电流
第8题
第9题
A.凡大小不随时间变化的电流称为直流电流,简称直流
B.凡方向不随时间变化的电流称为直流电流,简称直流
C.方向不变,大小随时间有脉动变化的电流叫做脉动直流电
D.大小、方向都随时间变化的电流叫做交流电流
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