Advances in Competition Policy Enforcement in the EU and North America
Edited by Abel M. Mateus and Teresa Moreira
Chapter 1: Speech by the President of the Republic at the Opening Session of the Second Lisbon Conference on Competition Law and Economics
Aníbal Cavaco Silva It gives me great pleasure to associate myself with this Conference on Competition Law and Economics, at the invitation of Professor Abel Mateus, President of the Competition Authority, whom I congratulate, from the outset, for this initiative. Today, the topic of competition is of vital importance; undoubtedly, within the Portuguese and European areas and, increasingly, in the international sphere itself. The European Commission’s commitment to the field of competition policies is a good witness to this fact. Many economic inefficiencies that exist, true barriers to well-being and development, can be rectified or overcome only when undertakings are subject to the pressure of healthy competition. In our societies and economies, safeguarding the public good that competition represents is carried out, above all, through respect for the rules aimed at guaranteeing that the markets function well. It is a very demanding field, which demands a multidisciplinary approach. For this reason, I consider the holding of this conference highly opportune. It continues the work of deepening the mutual comprehension among professionals with different training bases, around the topic of competition. In this area, co-operation among legal experts, managers and economists is of fundamental importance. This may be within the framework of legislative formalisation or from the perspective of the legal appreciation of economic arguments or, again, with regard to the design of mechanisms that produce the results desired by the lawmakers and regulatory authorities. If the market is to function well, it is necessary to have clear rules and...
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