Should Australia Encourage Developing Countries to Adopt Competition Laws?
AbstractRequiring developing countries to adopt competition laws has become a standard element in Free Trade Agreements between those countries and developed countries, and in the check list of measures sought by the World Bank and other multilateral institutions. However, there is little reason to think competition policy will increase welfare in those countries, especially as its proper implementation requires institutional capabilities that most developing countries lack. Despite this, the ASEAN countries, along with many other developing countries, have adopted competition policies that mirror all the prohibitions typically found in developed countries. It is suggested that it would be preferable were those prohibitions dropped, and competition policy refocussed on to a narrower set of instruments and objectives.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Macroeconomics Working Papers with number 22307.
Date of creation: Jan 2008
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ASEAN; Australia; Competition Law; Antitrust Law;
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- K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
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