Economic Development and Global Competition Law Convergence
Economic Development and Global Competition Law Convergence
Global convergence seems to many to be the best, perhaps the only, available strategy for reducing the conflicts, costs and uncertainties that the current transnational competition law regime imposes on global economic activity. Many assume that the role of economics is key to the potential success of this strategy. The entire convergence strategy is built on this assumption but the assumption has received little systematic attention, at least until recently, yet its central importance calls for closer scrutiny of its conceptual and empirical foundations. This chapter explores the basis for expecting developing countries to converge toward the economics-based model of competition law.
Keywords: Economics, competition law, economic development, globalization, convergence, economic regulation, international law
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