Table of Contents

Competition Policy and Regional Integration in Developing Countries

Competition Policy and Regional Integration in Developing Countries

Edited by Josef Drexl, Mor Bakhoum, Eleanor M. Fox, Michal S. Gal and David J. Gerber

The book provides insights on the regional integration experiences in developing countries, their potential for development and the role of competition law and policy in the process. Moreover, the book emphasizes the development dimension both of regional competition policies and of competition law. Although it holds many promises for developing countries, some challenges must be overcome for the process of creating a regional market and applying a competition law, to be successful. This timely book delivers concrete proposals that will help to unleash the potential of regional integration and regional competition policies, and help developing countries fully enjoy the benefits deriving from a regional market.

Chapter 2: Competition Law and Policy in the Framework of ASEAN

Anthony Amunategui Abad

Subjects: development studies, law and development, law - academic, competition and antitrust law, law and development


Anthony Amunategui Abad 1. INTRODUCTION It is widely acknowledged that a strong and well-crafted framework of competition law and policy, with effective enforcement capacity and competition-based economic reform, promotes increased efficiency, economic growth and development. These benefits are of particular interest to developing countries and countries in transition, such as a number of the economies in the Association of Southeast Asian Nations (ASEAN). During the last decade, a majority of ASEAN member states have adopted or begun the process of enacting competition laws. As globalization proceeds, countries are becoming substantially more open and market oriented, aware of the adverse effects of anti-competitive practices and of the potential benefits that derive from competition law enforcement. The rationale for competition law and policy is compelling. A welldesigned and effective competition law and policy framework is good for efficiency, as it promotes competitiveness; for economic growth, through productivity gains and greater innovation; for price stability, as competition tends to keep prices low; and for trade and investment, as it tends to make liberalization more effective and meaningful. Consumers are the biggest beneficiaries, as competition policy and law not only protect consumers against monopolistic and restrictive practices but also enable them to enjoy the fruits of competition in the form of lower prices and/or better products. The experiences of developed and developing countries show that having competition policy and law reinforces macroeconomic stabilization policies and contributes to industry development. One major outcome is the avoidance of abuse of dominance....

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