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1、本科畢業(yè)論文外文翻譯本科畢業(yè)論文外文翻譯外文題目：外文題目：MergersMergersAcquisitionsAcquisitions出處：處：TheTheNationalNationalInterestInterest—Summer200Summer200作者：者：RidRidRosecranceRosecrance原文：原文：MergersAcquisitions.RidRosecranceTalkaboutempirehasbe

2、comeacliche.HistianseconomistsbusythemselvescomparingAmericascontemparyrolewithRomeNapoleonicEranceimperialBritain.Theyassumethatempireistheonlymodelfastateseekingtoprojectpowerinfluence—igningalternativesfromthebusiness

3、wld.Afterallbusinessesconfrontmanyofthesamedifficultiesthatstatesface.Whencompetitsemergefirmsundergopressure.Acpationmayreducethecostofitsproductsbycuttingthecostsofrawmaterialslabincreasingsalesfindingnewtechnologicalf

4、ixes—justasastatemighttrytoincreaseeconomicgrowthenhanceproductivitydevelopnewweaponssystems.ButifacompanyreachestheHmitsofitseconomicmarketitmayconsideramergerwithlikemindedcompaniestocopewithacompetit.Statesreachingthe

5、limitsoftheirviabilityasselfsufficientactscanadoptmergerstrategiestoo.Indeedtopreserveitsglobalinfluencethroughoutthecourseofthe21stcenturythisisapaththeUnitedStatesmustconsider.WhydocompaniespursuemergersMergersgivecomp

6、aniesgreaterflexibility.Theyachievegreaterscalewithoutincreasingproduction.Ifnewproductsareinvolvedinthemergeracombinedfirmcanavoidantitrustproblems.Largerscaleallowsacompanytomaintainitspositionintheindustry.Usuallyitca

7、ninvestLittleEntentedidnotguaranteehelpfCzechoslovakiafromeitherFranceBritainwhentheGermandictatuppedtheantein1938.StalinsnonaggressiontreatywithHitlerdidnotpreventtheGermanattackofJune221941.Thoughalliesrarelyattackonea

8、nothertypicalalliancesrepresentatemparyconfluenceofinterestbetweenpartieswhichrestsonshiftinghisticalss.Thelegalrequirement—rebussicstantibusthingsremainingthesame—maynotalwaysobtain.Mergersamongstatesareadifferentkettle

9、offishhaveadvantagesoveralliances.Becausetheyarenegotiatedonthebasisofcontractualcommitmentintendedlongtermrelationshipstheyarenotasvulnerabletopublicgoodsproblems.Insteadinterstatemergersprovide“clubgoods“—benefitsthato

10、nlymemberscanenjoy.Theyemergeasmuchfromhisticcommonaltiesastheydofromoppositions.Commonideologiesdemocraticideassolidifytheunion.Furthermeonecountrycannotpoliticallysubsumeanotherpeoplesofthemergedstatesmustagreebefetheu

11、niontakesplace.Infactpoliticalmergersareinsomewaysmepermanentthantheirindustrialcounterparts.hewlettPackardmaysellCompaq.TimeWarnermayjettisonAOL.IncontrasttheEuropeanUnionreluctantlyallowedNwaytooptoutwhilesustainingits

12、othermembershipcommitments.TheupcomingnationalratificationsofthenewEuropeanconstitutioncouldgoawrybutultimatelytheywouldberepeatedreaffirmedjustasIrelsacceptanceofMaastrichtwasyearsago.Statemergersstillretainanopenendedf

13、lexibility.Theyarepartialnotcomplete.Otherstatesmayjoin.Participatingnationsretainsovereignty.Codinationofpolicyfrequentlyremainsincomplete.Stillmergersfgearelationamongerstwhilenationstatesthatisstrongerthanalliancesmuc

14、hmeenduringthanententes.Mergersarealsosuperitotheimperialbond.Imperialismisbasedonfceultimatelyonthecapitulationofthedesiredcolony.Statemergersaresanctionedbythepartiesinvolved.Naremergersvulnerabletotheupsdownsofthebala

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