Thursday, December 17, 2009
Anti-Market Antitrust: The Latin American Paradox, Some Comments on an Institutional Assessment of Antitrust Policy, The Latin American Experience
Posted by D. Daniel Sokol
Francisco Marcos (Instituto de Empresa Business School - Law) has some very strong words in his book review Anti-Market Antitrust: The Latin American Paradox, Some Comments on an Institutional Assessment of Antitrust Policy, The Latin American Experience, which reviews Ignacio de Leon's new book.
ABSTRACT: The commented book offers a solid and convincing critique about the origins and evolution of competition policy in Latin America, which probably could be extended elsewhere. Some of the assumptions on which the competition authorities act are unsound and farfetched, this causes notable uncertainty on business firms, undermining the rule of law. However, no matter the antitrust epistemology in Latin America may be based on simplifications and some questionable assumptions, the alternative analysis claimed by the book is both unrealistic and illusory.