Promoting Competition in Global Markets

Promoting Competition in Global Markets

A Multi-National Approach

P. J. Lloyd and Kerrin M. Vautier

This book sheds new light on a major issue on the international trade policy agenda – the promotion and defence of competition in globalizing markets. The authors discuss multi-national approaches to competition policy in the WTO, European Union, the Americas, OECD, UNCTAD and CER. They investigate the policy responses to anti-competitive, cross-border business transactions and argue that a growing reliance on competition law is not in itself sufficient to promote competition in globalizing markets.

Chapter 8: OECD

P. J. Lloyd and Kerrin M. Vautier

Subjects: economics and finance, international economics


The OECD has been the most active of all the international organizations in the field of international dimensions of competition policy. Its activities have ranged widely  from the advocacy of a national competition policy in member countries (and non­member countries under technical assistance programmes) and the promotion of  convergence among these national policies to recommendations relating to bilateral cooperation and to the development of plurilateral guidelines. This chapter reviews  these activities. (A review of many of them by the OECD itself is provided in its Communication to the WTO Working Group (WTO, 1998f) and in the OECD  Competition/Antitrust Policy Home Page at Competition Policy in the OECD Since its establishment the OECD has played a central role in encouraging governments to liberalize flows of FDI. The 1961 Code of Liberalization of Capital  Movements and the Code of Liberalization of Current Invisible Operations were the first international (plurilateral) code for regulation of direct capital movements by  governments. It has also promoted regulatory reform for the past 20 years and now has an organization­wide programme on deregulation. From its inception, the OECD Committee of Experts on Restrictive Business Practices (renamed in 1987 the Committee on Competition Law and Policy, or CLP  Committee for short) has provided a forum for the exchange of experiences of OECD member countries and insights from the member countries which are most  experienced in competition law. The CLP Committee has worked on a broad range of issues concerning competition in member countries. These include examination...

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