European Union Antitrust Enforcement against Cartels – Priorities in the Context of Globalisation of Business and Economic Crisis

Lucia Iordache

Revista de Economie Mondiala / The Journal of Global Economics, 2014, vol. 6, issue 3

Abstract: In the context of globalisation and EU member states’ efforts to overcome the difficulties of the economic crisis, realising the full potential of the Single Market is the main component of a credible plan for higher and sustainable growth in the EU. Competition policy is the central pillar of the Single Market. A strong antitrust enforcement, especially fighting cartels and preventing the creation of new ones, is at the core of open and fair pan-European markets, higher productivity and growth across Europe. This article summarizes the activities of the European Commission for the investigation and sanctioning of companies involved in cartels, focusing on the effectiveness of preventive policy of the Commission in antitrust enforcement, reflected in particular by the evolution of the fines imposed in cartel cases. The analysis outlines how antitrust policy contributes to strengthening the single market and the EU economic growth and examines the challenges for the implementation of antitrust policy caused by the changes in the dynamics and complexity of the economic environment, at the national and international level.

Keywords: competition; cartels; antitrust law; EU Single Market; globalisation (search for similar items in EconPapers)
JEL-codes: K21 K40 K42 L40 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.iem.ro/rem/index.php/REM/article/view/172/195 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:6:y:2014:i:3:id:2822000009237071

Access Statistics for this article

Revista de Economie Mondiala / The Journal of Global Economics is currently edited by Simona Moagar Poladian, PhD

More articles in Revista de Economie Mondiala / The Journal of Global Economics from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).