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Conditions of Competition and Multilateral Surveillance

Author

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  • Simeon Djankov
  • Bernard Hoekman

Abstract

WTO members are starting to consider whether and how to develop multilateral disciplines on competition policies. These discussions are taking place in the absence of concerted efforts to compile comparable information on the conditions of competition existing on member country markets. We argue in this paper that collection of simple measures of industrial structure and import penetration would be useful in characterizing the 'conditions of competition' that prevail in an economy. Although these types of data are not policy-specific, they could be used for monitoring, reporting and multilateral surveillance purposes, and allow cross-country comparisons and the establishment of 'benchmarks' against which changes in a given country over time could be measured.
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Suggested Citation

  • Simeon Djankov & Bernard Hoekman, 1998. "Conditions of Competition and Multilateral Surveillance," The World Economy, Wiley Blackwell, vol. 21(8), pages 1109-1128, November.
    • Handle: RePEc:bla:worlde:v:21:y:1998:i:8:p:1109-1128
    DOI: 10.1111/1467-9701.00184
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    Cited by:

    1. Simon J. Evenett & Bernard M. Hoekman, 2006. "Economic Development and Multilateral Trade Cooperation," World Bank Publications - Books, The World Bank Group, number 7412.
    2. Bown, Chad, 2007. "Developing Countries and Enforcement of Trade Agreements: Why Dispute Settlement Is Not Enough," CEPR Discussion Papers 6459, C.E.P.R. Discussion Papers.
    3. Hoekman, Bernard & Mavroidis, Petros C., 2002. "Economic development, competition policy, and the World Trade Organization," Policy Research Working Paper Series 2917, The World Bank.
    4. Bernard Hoekman, 2000. "The next round of services negotiations: identifying priorities and options," Review, Federal Reserve Bank of St. Louis, vol. 82(Jul), pages 31-52.
    5. Hoekman, Bernard & Holmes, Peter, 1999. "Competition policy, developing countries, and the World Trade Organization," Policy Research Working Paper Series 2211, The World Bank.

    More about this item

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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