Efficiency with a Heart: A Case for Competition Policy with a Public Interest Dimension

Abstract

Do developing countries mostly experience old competition problems or do they also experience new ones? And even when developing countries experience old problems do they do so in new ways? Are the perceptions of competition and solutions for competition problems generally accepted and prevalent in the developed world adequate for and beneficial to developing countries? Or do developing countries require their own unique approach to addressing their particular competition concerns?

The volume edited by Tembinkosi Bonakale, Eleanor M. Fox and Liberty Mncube combines the regulatory experience of Bonakale and McNube as Commissioner and Chief Economist of the Competition Commission of South Africa respectively and Fox’s extensive experience of competition in the developing world to ask these and related questions and to bring an invaluable insight into and solutions for competition challenges faced by BRICS and developing countries which are not only practical but also anchored in sound competition theory.