Download This PaperCompetition Regimes in the Caribbean Community and Sub-Saharan Africa: A Comparison
African Journal of International Economic Law, Forthcoming
39 Pages Posted: 20 May 2020
Date Written: April 23, 2020
Abstract
Fox and Bakhoum's recent book on competition regimes Sub-Saharan Africa showed that the region still bears the wounds of colonialism and as a result, markets do not work for the poor. Competition regimes in West Africa are struggling, but East/South Africa has made steady progress in establishing their competition regimes. In this comparison with the Caribbean Community (CARICOM), findings are that while there are commonalities, there are also many significant differences, with CARICOM countries being far more deeply integrated into the world-economy, making autonomous change more difficult and rendering the economies more vulnerable. Competition regimes are fledgling but while a valiant effort is being made to advance the regimes in the region, governments and commission are severely constrained by lack of human and financial resources.
Keywords: Structural Barriers, Entrenched Dominance, Market Failures
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