Promoting Competition in Global Markets
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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.
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P. J. Lloyd and Kerrin M. Vautier


First and foremost we are indebted to the Institute of Policy Studies at Victoria University of Wellington, and particularly to its former Director Professor Gary  Hawke, for supporting our initial research which culminated in our 1997 publication International Trade and Competition Policy: CER, APEC and the WTO. The  Institute's willingness to waive copyright so that we could use that work freely in the development of a much more comprehensive presentation of wider international  interest is gratifying. Parts of Chapter 2 have drawn on an article, Lloyd (1998b), published in The World Economy. Mark Toner, solicitor, wrote Chapter 3. We are grateful to him and we acknowledge the support of his employer, Bell Gully Buddle Weir. We are grateful to the European Commission (Alexis Jacquemin and Robert Meiklejohn); the OECD (Darryl Biggar, Crawford Falconer, Marie­Pierre Faudemay,  Gary Hewitt, Bernard Phillips and Mark Warner); the WTO (Robert Anderson, Jill Courtenay, Henrik Horn and Patrick Low); and the OAS (Barbara Kotschwar,  Maryse Robert and Jose Tavares) for participating in discussions. Others, in New Zealand, including Justice David Baragwanath, Pare Keiha, Chris Noonan, Robert Scollay, Rudd Watts & Stone Librarians, Ministry of Commerce,  Ministry of Foreign Affairs and Trade, the Australian Consulate and the USIS, responded generously to various information requests. We also acknowledge the contributions of seminar participants at the University of Strathclyde, the European Institute for Advanced Studies in Management, Brussels  and the Economic Policy Research Unit of the Copenhagen Business School; and input by Rod Falvey of the University of Nottingham's...

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