The Role of Competition Law: An Asian Perspective
Rita Yi Man Li; Yi Lut Li (2014) The Role of Competition Law: An Asian Perspective, Asian Social Science, Vol 9, No 7, pp. 47-53
7 Pages Posted: 28 Jun 2013
Date Written: June 1, 2013
In EU and the US, competition law regulates the practices of large firms so as to protect consumer welfare and economic efficiency. In Asia, many countries such as China and Vietnam are shifting to market economy; small firms expand and grow to become large scale corporations. Competition law is gaining importance in these countries. This paper firstly provides an overview on the role of the competition law in protecting consumer efficiency and consumer welfare. Afterwards, content analysis on the previous journal articles about Asia’s countries competition law, such as China, Vietnam, South Korea, Japan, India will be conducted. Lastly, a case study on supermarket in Hong Kong shows the role of competition law.
Keywords: competition law, antitrust law, consumer welfare, economic efficiency, content analysis, case study, Hong Kong
JEL Classification: K21, L40
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