THE HISTORY OF COMPETITION POLICY IN EUROPE

Mirela Chiriac
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Mirela Chiriac: Academy of Economic Studies, Republic of Moldova

Revista Economica, 2008, vol. 41, issue 4, 72-76

Abstract: Competition in the economy supports growth through the incentive to improve productivity, introduces technological improvements and innovation, which subsequently lessens production costs and leads to enhanced competitiveness in domestic and international markets. The first step towards a favorable competition environment, with equal rules of the business game for everyone, is an adequate legal framework and a strong competition policy. Nowadays, the competition policy of European Union is widely recognized as one of the best models. But it had a long history until it has reached the present state of being. The evolution of competition policy in Europe is described in the paper bellow and it emphasizes the positive results that it has during current times.

Keywords: competition; competition policy; European Union (search for similar items in EconPapers)
Date: 2008
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