Competition Policy And Its Impact On Innovation And Competitiveness
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Competition Policy and Its Impact on Innovation and Competitiveness
This paper seeks to analyse the policy framework governing competition and competitiveness in the era of globalization, liberalization and increasing deregulation of policy governing capital, and enterprises. Set in the context of the current set up, where 'efficiency' is the key word, and being competitive is a key objective for most enterprises of all economies, this paper seeks to analyse the need and relevance of having a competition policy, its benefits, the existing ambiguities in policy, and the necessary amendments which need to be made, so as to arm the economy and the government with a competent institutional mechanism to tackle the emerging challenges of an increasing restriction-less world, and its implications for developing countries like India, specifying the challenges and needs of these countries. Our paper discusses the parameters and factors affecting competitiveness and those discussed in Competition Policy. This paper aims at linking the above-mentioned analyses of competition policy in a broader context. It talks about its effects on competitiveness and growth of developing countries, with an incorporation of the ongoing WTO negotiations. The benefits and the potential harm cause by the adaptation of the 'developed country' competition policies in developing countries at different stages of economic and institutional development is also discussed. Also analysed is the behavior of large international corporations in the current wave of financial consolidation and its potential effects on competition and welfare.
Antitrust, Innovation, and Competitiveness
This book explores how the U.S. antitrust laws, especially the Sherman Antitrust Act, have affected the ways in which U.S. corporations can form alliances to compete in world markets. The editors start from the premise that current antitrust laws unwisely restrain innovation by inhibiting desirable pro-competitive communication and cooperation between firms. This results in an impediment to the performance of U.S. firms competing in industries experiencing rapid technological change. Not all of the contributors agree with the editors about the degree to which the antitrust laws do indeed inhibit U.S. industry. Thus, the book represents a variety of views on a topic of increasing importance. Contributors include Phillip Areeda, William J. Baumol, Ann I. Jones, Robert P. Merges, Richard R. Nelson, Janusz A. Ordover, Thomas M. Jorde, Richard Schmalensee, Lawrence A. Sullivan, David M. Teece, Oliver E. Williamson, and Judge Frank H. Easterbrook.
Competitive Advantage and Competition Policy in Developing Countries
Competitive markets are now established in most successful economies but the question of what competition is and what it means for policy in developing countries is often overlooked. This book provides a refreshing and critical examination of the issues relating to market competition and competition policy. The book discusses competition from different theoretical perspectives and examines the implications these viewpoints have for policy. The contributors assess competitiveness in domestic markets and the impact of foreign competition. They also review the experiences of a range of countries in developing competition policy and examine both the strengths and weaknesses of these policies. Written in a non-technical manner, Competitive Advantage and Competition Policy in Developing Countriesis addressed to policymakers, as well as academics, concerned with regulation and competition. It will also be of interest to regulators in dedicated agencies such as utility regulators, competition agencies and those dealing with regulatory impact assessment.