Competition Law and Competition Policy: What Does Egypt Really Need?

Ahmed Ghoneim ()

No 239, Working Papers from Economic Research Forum

Abstract: There is proliferation in the number of developing countries worldwide adopting a competition law. The evidence available indicates that they face sever problems in implementing competition laws. This paper addresses the question of whether Egypt is in need of adopting a competition law. The paper differentiates between the competition policy and the competition law. Adopting a new institutional economics approach, the paper concludes that Egypt is in definite need of a competition policy. However, when it comes to a competition law, given the absence of incentives among the major stakeholders for implementing such a law and given the weak institutional infrastructure that Egypt currently has, emphasizing the need for having a competition law at this current stage is oversold.

Pages: 13 pages
Date: 2002-12-19, Revised 2002-12-19
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Citations: View citations in EconPapers (3)

Published by The Economic Research Forum (ERF)

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