Abstract
Co-ordination of competition policies within regional trade agreements (RTAs) seems desirable, especially within deeper forms of regional integration. This contributes to a healthy and stable regional trading system. We argue, however, that regional competition policies should be carefully elaborated not to neglect efficiency considerations linked to economies of scale/scope within a regional liberalisation program, in particular, in the case of dominant positions. We also suggest that, in the short term, a less stringent approach to competition policy should be adopted in RTAs among developing countries where market failures may be due not only to imperfect competition but also to credit and labour market constraints.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
