Competition Assessment in developing countries: Policy challenges after the global crisis
Maria Fernanda C. Madi and Dr. Vicente Bagnoli
PhD Candidate in Law and Economics at Erasmus University Rotterdam, Netherlands, and Professor of Law at Universidade Presbiteriana Mackenzie, Brazil.
Please cite the paper as:
Maria Fernanda C. Madi and Dr. Vicente Bagnoli, (2017), Competition Assessment in developing countries: Policy challenges after the global crisis, World Economics Association (WEA) Conferences, No. 1 2017, Public Law and Economics, 1st June to 30th June, 2017
After the 2007-2008 global financial crisis, the world has been facing persistently low economic growth, particularly in many developing economies where the low growth environment is putting progress and shared prosperity at risk. In addition to this context, numerous laws, regulations and standards, have turned out to restrict competition in the marketplace further than necessary to achieve their policy objectives. This paper aims to address that developing countries, as those in Africa and Latin America, should adopt competition assessments for their new regulation in order to guarantee that their new rules and/or standards will not affect the competition environment in their countries. The paper concludes that governments and/or antitrust authorities should carefully provide a form of assessment, or a general methodology, for identifying unnecessary restraints and developing alternatives to enhance less restrictive policies that could still achieve government objectives.