- 阅读理解A
题干: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,lowertradeandinvestmentbarriersandenlargedmarketsthatrequireenlargedoperationscapableofmeetingcustomers'demands.Allthesearebeneficial,notdetrimental,toconsumers.Asproductivitygrows,theworld'swealthincreases.Examplesofbenefitsorcostsofthecurrentconcentrationwavearescanty.Yetitishardtoimaginethatthemergerofafewoilfirmstodaycouldre-createthesamethreatstocompetitionthatwerefearednearlyacenturyagointheU.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?
题目:From paragraph 4 we can infer that_____. - A 、the increasing concentration is certain to hurt consumers
- B 、WorldCom serves as a good example of both benefits and costs
- C 、the costs of the globalization process are enormous
- D 、the Standard Oil trust might have threatened competition
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【正确答案:D】
推理题。第四段第二句指出,当今数家石油公司的合并, 是否会再次对竞争造成威胁却难以 预料。100年前美国标准石油联合公司(Standard Oil trust)被迫解体, 就是由于当时人们担 心它会对竞争构成威胁。由此可推知D选项正确。
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