Corporate mergers have been on an upswing in recent years, and the pace appears to be growing. In the first half of last year alone a record $2.5 trillion in mergers were proposed. And this is a good thing.
It's no accident that mergers are increasing as our economy continues to transform through technology, which itself is driven by corporate investment. Tech has been a key driver of current economic growth -- likelyeven greater than we've been able to measure -- but the spending on research and development needed to bring new innovations to market is frequently risky, costly and complex. This has spurred the trend of like-minded enterprises choosing to join forces, to consolidate fixed-costs while combining complimentary resources and innovative energies. Mergers have played an indispensable role in enhancing economic growth while strengthening our global competitiveness and creating a better standard of living for consumers.
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