Competition and competition policy in emerging markets: international and developmental dimensions

Ajit Singh

Working Papers from Centre for Business Research, University of Cambridge

Abstract: This paper examines the role of competition policy in emerging markets from a developmental and international perspective. Its main conclusion include: contrary to conventional wisdom, evidence suggests that the intensity of competition in leading emerging markets is certainly no less than that observed in advanced countries; analysis and evidence indicates that maximum competition is not necessarily optimal, in terms of dynamic efficiency; developing countries need a competition policy today, because of (a)privatization and deregulation, and (b) the huge international merger movement; there is little evidence to indicate that the current international merger wave will enhance global economic efficiency; the current competition policies in the UK and the EU are unsuitable for developing countries - countries at different levels of development and governance capacities require different types of competition policies. The paper presents a proposal for a development-oriented international competition authority to control anti-competitive conduct and growth by mergers of large multi-national companies.

Keywords: Competition; Competition Policy; Development; Mergers (search for similar items in EconPapers)
JEL-codes: F23 L1 L4 O14 (search for similar items in EconPapers)
Date: 2002-12
New Economics Papers: this item is included in nep-com and nep-pke
Note: PRO-2
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (31)

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Related works:
Chapter: Competition and Competition Policy in Emerging Markets: International and Developmental Dimensions (2006)
Working Paper: COMPETITION AND COMPETITION POLICY IN EMERGING MARKETS: INTERNATIONAL AND DEVELOPMENTAL DIMENSIONS (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp246

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