The Internationalisation Of Antitrust Policy: A Global Perspective

In today's interconnected world, the internationalisation of antitrust policy has become a pressing issue for governments, consumers, and businesses alike. With the increasing globalization of markets, the need for a coordinated approach to competition law enforcement has become paramount.

The Rise of Global Markets

Over the past few decades, globalization has transformed the way businesses operate. Companies can now easily expand their operations across borders, accessing new markets and customers. While this has brought about benefits such as increased economic growth and access to a wider range of products, it has also raised concerns about monopolistic practices and market dominance.

Antitrust policies aim to protect competition and prevent the abuse of market power. Traditionally, these policies have been implemented on a national level, with each country having its own set of rules and enforcement agencies. However, as markets have become more interconnected, the effectiveness of purely national antitrust policies has come into question. To address this issue, countries have started to adopt a more international approach to antitrust policy.

The Internationalisation of Antitrust Policy

by Maher M. Dabbah(Kindle Edition)

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Language	:	English
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The Role of International Cooperation

International cooperation plays a crucial role in tackling antitrust issues in today's globalized economy. In order to effectively combat anticompetitive practices, countries need to work together and share information. This can be achieved through bilateral or multilateral agreements, where countries agree to cooperate in enforcing their antitrust laws.

One notable example of international cooperation in antitrust enforcement is the International Competition Network (ICN). The ICN is a network of competition authorities from around the world that aims to promote and facilitate cooperation and communication among its members. Through the ICN, competition authorities can share best practices, coordinate investigations, and exchange information on emerging competition issues.

Emerging Challenges in Global Antitrust Regulation

As markets become increasingly globalized, new challenges arise in the field of antitrust regulation. One major challenge is the coordination of enforcement actions across different jurisdictions. Companies operating in multiple countries may face conflicting antitrust regulations, making it difficult to comply with the law.

Another challenge is the rise of digital platforms and the digital economy. Technology giants such as Google, Facebook, and Amazon have become dominant players in their respective markets, raising concerns about their market power and potential anticompetitive practices. As these companies operate globally, their actions can have far-reaching effects on competition in multiple jurisdictions. Coordinating antitrust enforcement in the digital economy presents unique challenges due to its global nature and rapidly evolving dynamics.

The Future of Antitrust Policy

Given the complexities of the global economy, the internationalisation of antitrust policy is likely to continue. Governments and competition authorities are recognizing the need to strengthen international cooperation in order to effectively address antitrust issues.

The future of antitrust policy lies in harmonizing rules and procedures across jurisdictions, developing common frameworks for assessing competition in the digital economy, and ensuring effective enforcement of antitrust laws worldwide. This requires close collaboration between countries and a commitment to promoting fair competition and consumer welfare on a global scale.

The internationalisation of antitrust policy is a necessity in today's interconnected world. As markets become increasingly globalized, it is crucial to have a coordinated approach to competition law enforcement. International cooperation, such as through the International Competition Network, plays a pivotal role in addressing antitrust issues on a global scale. However, challenges remain, particularly in the digital economy, where coordination and enforcement are more complex. The future of antitrust policy lies in strengthening international cooperation, harmonizing regulations, and ensuring effective enforcement worldwide.

Keywords:

• internationalisation of antitrust policy
• global perspective
• global markets
• antitrust enforcement
• international cooperation
• competition law
• digital economy
• harmonizing regulations

The Internationalisation of Antitrust Policy

by Maher M. Dabbah(Kindle Edition)

5 out of 5

Language	:	English
File size	:	3280 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Word Wise	:	Enabled
Print length	:	348 pages
Lending	:	Enabled

FREE

The internationalisation of antitrust policy is a topic of great contemporary significance and debate. Dr Dabbah provides an inquiry that is at once clearly stated, original and empirical, setting out the relevant issues in the context of law, economics and politics. He draws on the decisional practice of antitrust authorities, actions and statements of political bodies, as well as the decisions of law courts. Providing a detailed examination of the experiences of the European Community and the United States, Dr Dabbah includes a comprehensive examination of central concepts and ideas related to antitrust law and practice. The book concludes by looking forward to potential developments in the landscape and suggests an approach to the internationalisation of antitrust policy. This will be of interest to antitrust officials, as well as international organisations, members of the business community, academics, researchers and policy-makers who are involved in antitrust law and policy.