Competition Policy for the New Era: Insights from the BRICS Countries

Description

This book presents a new stage in the contributions of the BRICS countries (Brazil, Russia, India, China, and South Africa) to the development of Competition Law and policy. These countries have significant influence in their respective regions and in the world. The changing global environment means greater political and economic role for the BRICS and other emerging countries. BRICS countries are expected to contribute nearly half of all global gross domestic product growth by 2020. For more than a century, the path of Competition Law has been defined by the developed and industrialized countries of the world. Much later, developing countries and emerging economies came on the scene. They experience many of the old competition problems, but they also experience new problems, and experience even the old problems differently. Where are the fora to talk about Competition Law and policy fit for developing and emerging economies? The contributors in this book are well-known academic and practising economists and lawyers from both developed and developing countries. The chapters begin with a brief introduction of the topic, followed by a critical discussion and a conclusion. Accordingly, each chapter is organized around a central argument made by its author(s) in relation to the issue or case study discussed. These arguments are thoughtful, precise, and very different from each another. Each chapter is written to be a valuable freestanding contribution to our collective wisdom. The set of case studies as a whole helps to build a collection of different perspectives on competition policy. Cover Half title Competition Policy for the New Era Copyright Contents List of Tables List of Figures Introduction 1. Towards a Broader View of Competition Policy 2. Outsider Antitrust: ‘Making Markets Work for People’ as a Post-​Millennium Development Goal 3. The Case for a BRICS Competition Agenda 4. Global Governance of Antitrust and the Need for a BRICS Joint Research Platform in Competition Law and Policy 5. BRICS and the Global Competition Law Project 6. Successes and Challenges in the Fight against Cartels 7. The Economics of Antitrust Sanctioning: A Review with Recommendations for Improving Current Sanctioning Regimes 8. Remedies in BRICS Countries: Are There Lessons from and for Competition Economics? 9. Crafting Creative Competition Remedies in South Africa 10. Public Interest Issues in Cross-​Border Mergers: Is There a Role for Competition Authorities? 11. Barriers to Entry and Implications for Competition Policy 12. Some Key Issues Concerning Further Development of China’s Anti-​Monopoly Law 13. Excessive Pricing Regulation in China, South Africa, and Other BRICS Member States 14. Guidelines as a Tool to Promote Competition Enforcement in Brazil Bibliography Index