Monday, August 1, 2011
Cartel Regulation in Three Emerging BRIC Economies: Cartel and Competition Policies in South Africa, Brazil and India - A Comparative Overview
Posted by D. Daniel Sokol
Sascha-Dominik Oliver Vladimir Bachmann, University of Portsmouth - School of Law and Sashalee Stephanie Afrika, Stellenbosch Univeristy - Faculty of Law explore Cartel Regulation in Three Emerging BRIC Economies: Cartel and Competition Policies in South Africa, Brazil and India - A Comparative Overview.
ABSTRACT:The benefits of bilateral agreements in regard to international cartels are clear: only a synchronized and international approach will help the developing nations in protecting their markets from unfair competition practices. This article shows the state of anti-cartel policies and legislation in selected jurisdictions, the present state of the coordination of competition policies through promotion and cooperation at the bi-national and international level and highlighted some examples of more publicized anti competition cases. One observation is that more could be done by the developing NIC nations to increase the collaborative ties of their anti competition policies and organs as well as ensure that they fall under the wider umbrella of regional competition regimes such as in the case of South Africa and the European Union. The necessity to safeguard consumer welfare through effective domestic anti competition frameworks was highlighted in the discussed cartel cases. Time will tell whether the emerging economies will be able to balance competition policy and consumer welfare in an effective and progressive way without affecting their trade and investment policies.