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Should Australia Encourage Developing Countries to Adopt Competition Laws?

  • Henry Ergas
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    Requiring 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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    File URL: https://crawford.anu.edu.au/pdf/pep/apep-376.pdf
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    Paper provided by Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University in its series Asia Pacific Economic Papers with number 376.

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    Length: 41 pages
    Date of creation: 2008
    Date of revision:
    Handle: RePEc:csg:ajrcau:376
    Contact details of provider: Postal: Canberra ACT 2601
    Phone: (61-2) 6249 3780
    Fax: (61-2) 6249 3941
    Web page: https://crawford.anu.edu.au/research_units/ajrc/
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