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Competitive markets are now established in most successful economies but the question of what competition is and what it means for policy in developing countries is often overlooked. This book provides a refreshing and critical examination of the issues relating to market competition and competition policy. The book discusses competition from different theoretical perspectives and examines the implications these viewpoints have for policy. The contributors assess competitiveness in domestic markets and the impact of foreign competition. They also review the experiences of a range of countries in developing competition policy and examine both the strengths and weaknesses of these policies.Written in a non-technical manner, Competitive Advantage and Competition Policy in Developing Countries is addressed to policymakers, as well as academics, concerned with regulation and competition. It will also be of interest to regulators in dedicated agencies such as utility regulators, competition agencies and those dealing with regulatory impact assessment.
Edited by Paul Cook, Director, Centre on Regulation and Competition (CRC), University of Manchester, UK, Raul Fabella, Professor of Economics and Dean, School of Economics, University of the Philippines and Cassey Lee, ISEAS - Yusof Ishak Institute, Singapore
Contents:Preface1. IntroductionPaul Cook, Raul Fabella and Cassey LeePART I: COMPETITION POLICY AND DEVELOPMENT2. Competition and the Regulation of Economic DevelopmentJohn Stanley Metcalfe and Ronnie Ramlogan3. Model Competition LawsCassey Lee4. Legal Traditions and Competition PolicyCassey Lee 5. Establishing Consumers as Equivalent Players in Competition PolicyKamala Dawar6. Guanxi and Taipans: Market Power and the East Asian Model of CompetitionRaul FabellaPART II: EXPERIENCE WITH COMPETITION POLICY7. Competition Policy and the Legal System in BrazilGermano Mendes de Paula8. Competition Policy and Enterprise Development: The Role of Public Interest Objectives in South Africa’s Competition PolicyTrudi Hartzenberg 9. Competitive Markets and Competition Policy in IndonesiaEfa Yonnedi 10. Competition Policy in MalaysiaCassey Lee 11. Competition Policy and Competitive Markets in Bangladesh Selim Raihan PART III: COMPETITION AND COMPETITIVE ADVANTAGE12. The Role of South African Competition Law in Supporting SMEsKim Kampel13. Globalization and Competition in the South African Wine IndustryJoachim Ewert and Jeffrey Henderson14. Foreign Competition and Growth: Bangladesh Manufacturing IndustriesSelim Raihan15. Domestic Competition and Technological and Trade CompetitivenessYuichiro Uchida and Paul CookIndex
'This is an ambitious collection of essays, in an area that needs good research and formalization. It should appeal to someone interested in the nexus between competition and development in developing countries. . .'