By R. S. Khemani, World Bank, Organisation for Economic Co-operation and Development
A dynamic and aggressive surroundings, underpinned by means of pageant legislation coverage, is an important attribute of winning marketplace economies. to meet the growing to be call for for info on present methods and practices in festival legislations coverage, the undertaking "Framework for the layout and Implementation of pageant Law-Policy" was once initiated through the realm financial institution, with participation by way of OECD. This resulting quantity displays the most matters that come up in layout and implementation of festival legislation and coverage which will help international locations in constructing an strategy that fits their very own wishes and stipulations. The perspectives articulated during this e-book recommend that the management and enforcement of pageant legislation coverage may still assign the best significance to fostering financial potency and purchaser welfare.
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Additional info for A framework for the design and implementation of competition law and policy
Another issue is the relationship between competition and other government framework policies. These other policies tend to inject market distortions that impede the competitive process. Therefore, competition policy authorities need to be involved proactively in government policy formulation to ensure that markets remain open, free, flexible, and adaptable. Competition policy should be considered the fourth cornerstone of government framework policies along with monetary, fiscal, and trade policies.
He has recently worked in Korea and Indonesia on corporate governance, competition law and policy, and corporate debt restructuring. Prior to joining the Bank, he was executive vice president of a large Canadian engineering, construction, and technical training firm. A Dutch national, he holds degrees in law and political economics. S. Department of Justice. She has worked on a wide variety of civil, criminal, and regulatory matters with special emphasis on intellectual property licensing, joint ventures, vertical agreements, and trade association activity.
The most significant disagreements on the objectives and instruments of competition policy arise in the treatment of mergers. A wide variety of motives may underlie the corporate decision to increase size through the acquisition of an existing business rather than by undertaking internal expansion and new investment. In the case of horizontal mergers, competition authorities are especially interested in two possible motives: the increase in market power or in economic efficiency, or both. Distinguishing between the two has been recognized as a complex task.
A framework for the design and implementation of competition law and policy by R. S. Khemani, World Bank, Organisation for Economic Co-operation and Development