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Competition Law and Development$
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Daniel D. Sokol, Thomas K. Cheng, and Ioannis Lianos

Print publication date: 2013

Print ISBN-13: 9780804785716

Published to Stanford Scholarship Online: January 2014

DOI: 10.11126/stanford/9780804785716.001.0001

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Introduction

Introduction

Chapter:
(p.1) Introduction
Source:
Competition Law and Development
Author(s):

D. Daniel Sokol

Thomas K. Cheng

Ioannis Lianos

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804785716.003.0001

What might the emerging competition regimes learn from more established ones? One would think that after 100 years, the goals of antitrust would be clear both in the United States and around the world. Unfortunately, this is not the case. Competition law systems (including the United States') may have a number of complementary or even contradictory goals. Although for developed countries the main driving force of their competition law is the efficient allocation of resources, this is not always the case. Efficiency concerns may be at odds with goals such as employment, poverty alleviation and the empowerment of previously marginalized groups. The transplantation of competition law to a developing country setting may pose challenges to the traditional understanding of competition law and its role/function in public policy.

Keywords:   Competition law, economics, antitrust, law and development, industrial organization

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