改错题
The world is going through the biggest wave of mergers and acquisitions ever witnessed. The process sweeps from hyperactive America to Europe and reaches the emerging countries with unsurpassing might. Many in these 【M1】______ countries are looking at this process and worrying: Won't the wave of busi ness concentration turn into an controllable anti-competitive force? There's 【M2】______ no question that the big is getting bigger and more powerful. Multinational 【M3】______ corporations accounted less than 20% of international trade in 1982. Today 【M4】______ the figure is more than 25% and growing rapidly. International affiliations 【M5】______ constitute a fast-growing segment of production in economies that open up and welcome foreign investment. In Argentina, for instance, after the re forms of the early 1990s, multinationals go from 43% to almost 70% of the 【M6】______ industrial production of the 200 largest firms. This phenomenon has created serious concerns over the role of smaller economic firms, of national busi nessmen and over the last stability of the world economy. 【M7】______ I believe that the most important forces behind the massive M&A wave are the same that underlies the globalization process: falling transportation 【M8】______ and communication costs, lower trade and investment barriers and enlarged markets that require enlarging operations capable of meeting customers' de- 【M9】______ mands. All these are beneficent, not detrimental, to consumers. As produc- 【M10】______ tivity grows, the world's wealth increases.