Cartel Regulation in Three Emerging BRICS Economies: Cartel and Competition Policies in South Africa, Brazil and India - A Comparative Overview
Sascha-Dominik Oliver Vladimir Bachmann
University of Lincoln (UK) - Faculty of Business & Law
Sashalee Stephanie Afrika
Stellenbosch Univeristy - Faculty of Law
May 22, 2011
45/4 The International Lawyer (2011)
The benefits of bilateral agreements in regard to international cartels are clear: only a synchronized and international approach will help the developing nations in protecting their markets from unfair competition practices. This article shows the state of anti-cartel policies and legislation in selected jurisdictions, the present state of the coordination of competition policies through promotion and cooperation at the bi-national and international level and highlighted some examples of more publicized anti competition cases. One observation is that more could be done by the developing NIC nations to increase the collaborative ties of their anti competition policies and organs as well as ensure that they fall under the wider umbrella of regional competition regimes such as in the case of South Africa and the European Union. The necessity to safeguard consumer welfare through effective domestic anti competition frameworks was highlighted in the discussed cartel cases. Time will tell whether the emerging economies will be able to balance competition policy and consumer welfare in an effective and progressive way without affecting their trade and investment policies.
Number of Pages in PDF File: 34Accepted Paper Series
Date posted: June 22, 2011 ; Last revised: April 13, 2012
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