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Toward a Multilateral Competition Policy Regime?

Toward a Multilateral Competition Policy Regime? Global Governance 6 (2000), 319–338 Toward a Multilateral Competition Policy Regime? Youri Devuyst he multilateral economic system contains a major shortcoming. Al- though governments have committed themselves to a rule-based T multilateral trade policy regime in the World Trade Organization (WTO), private companies that operate in the global marketplace face no such multilateral disciplines. Certainly, most industrialized nations have created their own set of antitrust laws. Furthermore, a series of well-func- tioning bilateral and regional mutual assistance agreements has been con- cluded both to facilitate competition enforcement in transnational cases and to avoid the drawbacks of the extraterritorial application of antitrust legislation. Still, on a multilateral level, it has been impossible to agree on a coherent framework for competition rules. Strangely, international competition policy has received attention only from a relatively small group of specialized antitrust practitioners. As a structural factor determining the margin of maneuver of internationally ac- tive private companies on the global market, the international dimension of competition policy deserves a higher place on the agenda of all those in- terested in international public policy and political economy. Competition Policy Competition or antitrust policy serves many purposes. First, by prevent- ing the economy from being dominated http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Global Governance: A Review of Multilateralism and International Organizations Brill

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Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1075-2846
eISSN
1942-6720
DOI
10.1163/19426720-00603003
Publisher site
See Article on Publisher Site

Abstract

Global Governance 6 (2000), 319–338 Toward a Multilateral Competition Policy Regime? Youri Devuyst he multilateral economic system contains a major shortcoming. Al- though governments have committed themselves to a rule-based T multilateral trade policy regime in the World Trade Organization (WTO), private companies that operate in the global marketplace face no such multilateral disciplines. Certainly, most industrialized nations have created their own set of antitrust laws. Furthermore, a series of well-func- tioning bilateral and regional mutual assistance agreements has been con- cluded both to facilitate competition enforcement in transnational cases and to avoid the drawbacks of the extraterritorial application of antitrust legislation. Still, on a multilateral level, it has been impossible to agree on a coherent framework for competition rules. Strangely, international competition policy has received attention only from a relatively small group of specialized antitrust practitioners. As a structural factor determining the margin of maneuver of internationally ac- tive private companies on the global market, the international dimension of competition policy deserves a higher place on the agenda of all those in- terested in international public policy and political economy. Competition Policy Competition or antitrust policy serves many purposes. First, by prevent- ing the economy from being dominated

Journal

Global Governance: A Review of Multilateralism and International OrganizationsBrill

Published: Aug 3, 2000

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