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Global Markets, Global Corporations: How European Competition Policy Responds to Globalization

In: European Responses to Globalization

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  • Teresa Rodríguez de las Heras Ballell

Abstract

EU competition policy may be explained as a system: an organized set of objectives, rules, functions, procedures and authorities, acting in unity. A system is a complex reality, immersed in a complex context and permanently changing to overcome its dysfunctionalities and to adapt itself to environmental challenges. Globalization is its major challenge today. This paper proposes to understand globalization from four viewpoints. EU competition policy should respond to an evolutionary, contradictory, relative and systemic globalization. The aim of this paper is to identify the responses adopted in order to react to all these different dimensions of globalization.

Suggested Citation

  • Teresa Rodríguez de las Heras Ballell, 2006. "Global Markets, Global Corporations: How European Competition Policy Responds to Globalization," Contemporary Studies in Economic and Financial Analysis, in: European Responses to Globalization, pages 65-92, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-3759(06)88004-6
    DOI: 10.1016/S1569-3759(06)88004-6
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    Cited by:

    1. Stephen Magu, 2015. "Reconceptualizing Cultural Globalization: Connecting the “Cultural Global” and the “Cultural Local”," Social Sciences, MDPI, vol. 4(3), pages 1-16, August.

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