CLIR: Competition Law and Policy
Competition Law and Policy
Competition Law often appears counter-intuitive and contradictory to some of the strongest desires and convictions of the general public and the business community. Many developing nations have very little appreciation for the role of competition, especially when there is economic upheaval underway as a result of macro-economic restructuring. Laborers, consumers, and merchants openly long for the “good old days” of fixed prices and wages, deploring the uncertainty of shifting costs and negotiated salaries. Moreover, nationalist sentiments in re-emerging countries that had been dominated by an ethnically different controlling central government often war against the idea that foreigners should be allowed to compete freely with domestic enterprises.
The diagnostic indicators for Competition Law focus primarily on definitions of prohibited behavior and the enforcement and sanctions for violations of the law. The indicators also examine the organization and structure of relevant implementing entities such as competition agencies.
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