International Competition Policy

Paper Summary:

This paper begins with a look at the evolution of international competition policy, then focuses on the promotion of competition in worldwide markets and the role of inter-government cooperation in setting the policy environment for better and more productive, as well as fair, competition. It examines efforts being made to address the perceived risk that the conduct of some private businesses may reduce competition and potentially undermine government actions to promote competition (e.g., trade liberalization and deregulation). It includes a look at the adoption of both EU-level and national-level competition laws, which target anti-competitive business conduct resulting largely from US advocacy, and the importance attached to competition law in the context of EU membership. Finally, the potential role of the WTO is discussed.

Evolution of International Competition Policy
Promotion of Competition in World Markets
Role of Inter-Governmental Cooperation in Setting Policy
Private Business Practices That Reduce Competition
National vs. EU-Level Competition Laws
Role of the WTO

From the Paper:

"Economic interdependence among countries across the globe has increased sharply in the past fifty years. This international economic interdependence has made vast contributions to greatly improved standards of living for most countries. Ongoing international economic integration bears the promise of further and larger benefits. However, the increasing sensitivity of national economies to events and policies that originate beyond their borders creates dilemmas and pitfalls that may prove to be disastrous if national policies and international cooperation are less than well managed."

More papers on International Competition Policy:

• Research Paper # 3521 : "The World of International Business"
• Research Paper # 64204 : "Anti-Trust, Mergers and Competition Policy"
• Comparison Essay # 114857 : "International Arbitration"

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