Edited by Ariel Ezrachi
Chapter 4: Building global antitrust standards: the ICN’s practicable approach
In October 2001, 15 competition agencies announced the creation of the International Competition Network (‘ICN’). The idea for the enterprise stemmed from the realization that antitrust authorities, business people, and experts lacked a suitable forum for the sharing of views and experiences, for close cooperation, and for exploration of common issues that could lead to broad acceptance of standards for competition law enforcement and policy. While organizations such as the Organisation for Economic Co-operation and Development (‘OECD’) and the World Trade Organization (‘WTO’) addressed global antitrust issues, each of these organizations had limited capacity to build a broad ‘community’ of regulatory agencies that could create a universal consensus concerning the principles of competition law and the process of enforcement. The perceived need to create a new mechanism to foster convergence emerged at the end of the 20th century. Several disputes between individual jurisdictions had shown that competition problems were increasingly global; yet no effective venue to address these issues existed. The differing approaches between the US and EU in high-profile merger cases such as the proposed acquisitions of McDonnell Douglas by Boeing and Honeywell by General Electric vividly illustrated the stark contrast in enforcement policies that can arise between different nation states.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.