Asia and Global Competition Law Convergence
Asian Capitalism and the Regulation of Competition: Towards a Regulatory Geography of Global Competition Law (Michael W. Dowdle et al. eds., Cambridge 2013)
17 Pages Posted: 17 Jul 2013
Date Written: July 16, 2013
Two topics have featured in discussions of transnational competition law over the last few years — the evolution of competition law in Asia and the global convergence of competition laws. The role of Asia, especially China, in global competition law development has attracted attention primarily because of the dramatically increased economic importance of the region and because of the resulting political and economic leverage that this economic importance has generated for the enforcement of the region’s competition laws. Convergence is a central topic because it represents what is widely considered to be the only currently viable strategy for global competition law development. Curiously, however, the relationship between these two topics is seldom a focus of examination. This chapter sketches elements of that relationship.
My objective here is to identify some of the factors in the dynamics of Asian competition law systems that may influence Asia’s role in convergence as a global strategy and thereby impact both the success of such a strategy and its shape. We focus here on decisions and on decisional influences — that is, factors that can be expected to influence decisions by relevant decision-makers.
Keywords: Asia, China, competition law, global convergence, development
JEL Classification: K19, K21, K23, K42
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