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Promoting Competition in Global Markets

A Multi-National Approach P.J. Lloyd, Professor Emeritus, University of Melbourne, Australia and Kerrin M. Vautier, Research Economist, Auckland, New Zealand
This book sheds new light on a major issue on the international trade policy agenda – the promotion and defence of competition in globalizing markets.

The authors discuss multi-national approaches to competition policy in the WTO, European Union, the Americas, OECD, UNCTAD and CER. They investigate the policy responses to anti-competitive, cross-border business transactions and argue that a growing reliance on competition law is not in itself sufficient to promote competition in globalizing markets.
Extent: 232 pp
Hardback Price: $128.00 Web: $115.20
Publication Date: 1999
ISBN: 978 1 85898 803 0
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This book sheds new light on a major issue on the international trade policy agenda – the promotion and defence of competition in globalizing markets.

The liberalization of cross-border flows of goods, services and capital that has occurred during the last decade has made competition increasingly important. The authors discuss multi-national approaches to competition policy in the WTO, European Union, the Americas, OECD, UNCTAD and CER. They investigate the policy responses to anti-competitive, cross-border business transactions and argue that a growing reliance on competition law is not in itself sufficient to promote competition in globalizing markets. They conclude that to achieve genuine competition in globalizing markets, policymakers must have a more comprehensive and coherent policy governed by agreed competition principles.
Contents: 1. Introduction Part I: Competition in Global Markets 2. The Framework for Policy Analysis Part II: Bilateral Cooperation on Competition Law Enforcement 3. Bilateral Cooperation Agreements Part III: The Approaches of Regional Trading Arrangements 4. The European Union 5. Closer Economic Relations Agreement 6. The Americas Part IV: Plurilateral Approaches 7. ITO, the GATT 1960 Decision and the United Nations 8. OECD 9. APEC Part V: Developments at the Multilateral Level 10. The World Trade Organization 11. An Historic Case - The Kodak/Fuji Dispute Part VI: Emerging Patterns and Principles 12. An Approach to Promoting Competition in Global Markets References Index