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Global CompetitionLaw, Markets, and Globalization$
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David Gerber

Print publication date: 2010

Print ISBN-13: 9780199228225

Published to Oxford Scholarship Online: May 2010

DOI: 10.1093/acprof:oso/9780199228225.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 27 October 2021

Law, Competition, and Global Markets

Law, Competition, and Global Markets

Chapter:
(p.1) 1 Law, Competition, and Global Markets
Source:
Global Competition
Author(s):

David J. Gerber

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199228225.003.0001

This introductory chapter identifies the fundamental tension in global economic development: competition can produce enormous economic benefits everywhere, but its benefits are distributed unevenly, and it can also cause harm. An effective global competition law regime can protect this productive process and enhance its benefits, and it can also reduce its potential for harm. This requires a global strategy that takes into account the needs of all participants in global markets — not merely those in developed countries — and embeds competition in society. Constructing such a regime calls for analysis of previous competition law experience on both national and international levels, especially the relationships between national and transnational competition law. This book provides this kind of analysis and relates it to the insights of economics and other social sciences. Together, these two elements provide a basis for developing an effective framework for global competition.

Keywords:   global competition, embedded competition, global regime, economic development, economics, transnational experience, competition law experience, economic benefits, globalization harms, social science

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