时间:2018-12-01 作者:英语课 分类:历年考研英语阅读理解


英语课
[00:00.00]在线英语听力室(www.tingroom.com)友情制作
[00:03.83]2001 Passage4
[00:06.05]The world is going through the biggest wave of mergers 2
[00:08.96]and acquisitions ever witnessed.
[00:11.59]The process sweeps from hyperactive America to Europe
[00:15.52]and reaches the emerging countries with unsurpassed might.
[00:20.45]Many in these countries are looking at
[00:22.57]this process and worrying:
[00:25.00]"Won't the wave of business concentration turn into
[00:28.42]an uncontrollable anti-competitive force?"
[00:32.85]There's no question that the big are getting bigger
[00:36.08]and more powerful.
[00:37.89]Multinational corporations accounted for less than
[00:41.22]20% of international trade in 1982.
[00:46.56]Today the figure is more than 25% and growing rapidly.
[00:52.61]International affiliates 3 account for
[00:55.24]a fast-growing segment of production in economies
[00:58.35]that open up and welcome foreign investment.
[01:02.90]In Argentina, for instance,
[01:05.10]after the reforms of the early 1990s,
[01:08.33]multinationals 4 went from 43% to almost 70%
[01:13.27]of the industrial production of the 200 largest firms.
[01:18.52]This phenomenon has created serious concerns
[01:22.05]over the role of smaller economic firms,
[01:25.40]of national businessmen and over the ultimate stability
[01:29.42]of the world economy.
[01:31.97]I believe that the most important forces behind
[01:34.69]the massive M&A wave are the same
[01:37.62]that underlie 5 the globalization process:
[01:40.85]falling transportation and communication costs,
[01:44.43]lower trade and investment barriers
[01:47.15]and enlarged markets that require enlarged
[01:50.37]operations capable of meeting customers' demands.
[01:55.03]All these are beneficial, not detrimental 6, to consumers.
[01:59.44]As productivity grows, the world's wealth increases.
[02:03.87]Examples of benefits or costs of
[02:06.59]the current concentration wave are scanty 7.
[02:09.72]Yet it is hard to imagine that the merger 1 of
[02:12.64]a few oil firms today
[02:14.76]could re-create the same threats to competition
[02:17.88]that were feared nearly a century ago in the U.S.,
[02:21.52]when the Standard Oil trust was broken up.
[02:25.15]The mergers of telecom companies,
[02:27.57]such as WorldCom,
[02:29.08]hardly seem to bring higher prices for consumers
[02:32.41]or a reduction in the pace of technical progress.
[02:36.54]On the contrary, the price of communications
[02:39.47]is coming down fast.
[02:41.79]In cars, too, concentration is increasing
[02:45.62]--witness Daimler and Chrysler,
[02:48.44]Renault and Nissan--but it does not appear
[02:51.77]that consumers are being hurt.
[02:53.39]在线英语听力室(www.tingroom.com)友情制作
[02:54.70]Yet the fact remains
[02:56.11]that the merger movement must be watched.
[02:58.83]A few weeks ago, Alan Greenspan warned against
[03:01.95]the megamergers in the banking 8 industry.
[03:04.79]Who is going to supervise,
[03:06.81]regulate and operate as lender of last resort with
[03:11.04]the gigantic banks that are being created?
[03:14.56]Won't multinationals shift production
[03:16.79]from one place to another
[03:19.01]when a nation gets too strict
[03:20.72]about infringements 9 to fair competition?
[03:24.09]And should one country take upon itself
[03:26.70]the role of "defending competition" on issues
[03:29.32]that affect many other nations,
[03:31.85]as in the U.S. vs. Microsoft case?


1 merger
n.企业合并,并吞
  • Acceptance of the offer is the first step to a merger.对这项提议的赞同是合并的第一步。
  • Shareholders will be voting on the merger of the companies.股东们将投票表决公司合并问题。
2 mergers
n.(两个公司的)合并( merger的名词复数 )
  • Mergers fall into three categories: horizontal, vertical, and conglomerate. 合并分为以下三种:横向合并,纵向合并和混合合并。 来自辞典例句
  • Many recent mergers are concentrated within specific industries, particularly in retailing, airlines and communications. 现代许多合并企业集中进行某些特定业务,在零售业、民航和通讯业中更是如此。 来自英汉非文学 - 政府文件
3 affiliates
附属企业( affiliate的名词复数 )
  • She affiliates with an academic society. 她是某学术团体的成员。
  • For example, these security affiliates participated in the floating of 19,000,000,000 of issues in 1927. 例如,这些证券发行机构在1927年的流通证券中,就提供了一百九十亿美元的证券。
4 multinationals
跨国公司( multinational的名词复数 )
  • These local companies are only small fry compared with the huge multinationals. 同那些跨国公司比,这些当地的公司不过是小鱼小虾。
  • Some people believe that the multinationals have too much power. 有人认为跨国公司的权力太大了。
5 underlie
v.位于...之下,成为...的基础
  • Technology improvements underlie these trends.科技进步将成为此发展趋势的基础。
  • Many facts underlie my decision.我的决定是以许多事实为依据的。
6 detrimental
adj.损害的,造成伤害的
  • We know that heat treatment is detrimental to milk.我们知道加热对牛奶是不利的。
  • He wouldn't accept that smoking was detrimental to health.他不相信吸烟有害健康。
7 scanty
adj.缺乏的,仅有的,节省的,狭小的,不够的
  • There is scanty evidence to support their accusations.他们的指控证据不足。
  • The rainfall was rather scanty this month.这个月的雨量不足。
8 banking
n.银行业,银行学,金融业
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
9 infringements
n.违反( infringement的名词复数 );侵犯,伤害
  • It'seems to me we've got to decide on wider issues than possible patent infringements. 我认为我们不能只考虑侵犯专利可能性这一问题,要对更大的一些问题做出决策。 来自企业管理英语口语(第二版)(2)
  • Wikipedia relies on its users to correct errors and spot copyright infringements. 维基百科主要依靠用户来纠正错误,并发现版权侵权行为。 来自互联网
学英语单词
-ja
a political arena
aberrant vessels
academic education
acquisition services
aderosterol
air-feeder
aliphatic amine alkaloid
anterior aorta
aorto-iliac
atalaya
audio visual instruction technique
auto-antibodies
axinellids
azureness
Bandar-e Torkeman
between groups
blood coagulant
bootable
byards
caesium powder
claptraps
CMAMG
cohabiting
combined ringing and speaking key
creeste
developmental rate
diver's palsy
double bar ga(u)ge
drag head ladder
drink himself drunk
dynapens
eczematous pannus
enstatite plagioplite
explosion-proof centrifugal blower
expressive role
Eyzies-de-Tayac caves
fixed intangible assets
forkings
formula language
funnel apron
fusion type plasma arc welding
gaa
giving great bargain
gravity sensing switch
hallwach effect
intelligence analysts
keras
kouzes
lambert beer law
level detector
lunisolar perturbation
majestifying
malleatory spasm
master-slave operating system
Mortemart
Muslimish
new foreign bond issue
nine-spot water flooding pattern
nonadd function
nursery garden
oakmosses
oecophylla
Ofo
opic
peroxide bleaches
petten
phaeophyscia endococcinea
pseudomembranes
qinghai - tibet plateau
rain forest climate
Rajaa
random pattern skin flap
receiving vat
reestimate
reflex inhibition
resetting value
Risku
rotating-ducts air preheater
samarasinghe
Saurat
second order discrete time system
secretaria
Sejerφ
sex offense
she-tiger
ship propulsion
Shklo
shopping district
slutted
snowbreak
subnet mask
superfund sites
synchropoint
Sāmarrā'
ta ch'i
vapour diagram
vitamin a oil
weather facsimile network
world tourism organization
x ray laser
xanthophyllic