Competition Policy for the New Era

Insights from the BRICS Countries

Edited by Tembinkosi Bonakele, Eleanor Fox, and Liberty Mncube

Written by well-known academic and practising economists and lawyers from both developed and developing countries
Focuses on a broader view of competition policy in BRICS and developing countries, including concepts such as efficiency and consumer welfare, issues of distribution, equity, and fairness
Each chapter is organized around a central argument made by its author(s) in relation to issue or case study, making every contribution a valuable freestanding contribution to the literature
Provides a number of viewpoints of what competition law and policy mean both in theory and practice in a development context through the use of insightful case studies

Competition Policy for the New Era

Insights from the BRICS Countries

Edited by Tembinkosi Bonakele, Eleanor Fox, and Liberty Mncube

Description

Competition law has expanded to more than 100 jurisdictions worldwide with varying degrees of economic, social, and institutional development, raising important questions as to what is the appropriate design of competition law regimes and the interaction between competition law and economic development.

This volume, comprising a selection of papers from the 4th BRICS International Competition Conference written by academic and practising economists and lawyers from both developed and developing countries, is distinctive in its focus on a broader view of competition policy in BRICS and developing countries. It examines the role competition, the application of broader public interest and national interest concerns in the analysis and influence on developing country competition authorities' policy-making.

The contributors address topics such as:
- a broad view of competition policy;
- making markets work for the people as a post millennium development goal;
- some key issues concerning the further development of China's antimonopoly law;
- remedies in BRICS countries;
- public interest issues in cross-border mergers;
- crafting creative remedies in food markets in South Africa;
- what are African competition authorities doing to fight cartels?;
- successes and challenges in the fight against cartels; and
the economics of antitrust sanctioning.

Competition Policy for the New Era

Insights from the BRICS Countries

Edited by Tembinkosi Bonakele, Eleanor Fox, and Liberty Mncube

0:Introduction, Tembinkosi Bonakele, Eleanor M. Fox, and Liberty Mncube
1:Towards a Broader View of Competition Policy, Joseph E. Stiglitz
2:Outsider antitrust: "Making Markets Work for People" as a Post-Millennium Development Goal, Eleanor M. Fox
3:The Case for a BRICS Competition Agenda, Tembinkosi Bonakele
4:Global Governance of Antitrust and the need for a BRICS Joint Research Platform in Competition Law and Policy, Ioannis Lianos
5:BRICS and the Global Competition Law Project, Alexey Yurievich Ivanov
6:Successes and Challenges in the Fight Against Cartels, Joseph E. Harrington, Jr
7:The Economics of Antitrust Sanctioning: A Review with Recommendations for Improving Current Sanctioning Regimes, Yannis Katsoulacos and Eleni Metsiou
8:Remedies in BRICS Countries: Are There Lessons From and For Competition Economics, Svetlana Avdasheva and Tatiana Radchenko
9:Crafting Creative Competition Remedies in South Africa, Liberty Mncube, Thulani Mandiriza, and Michelle Viljoen
10:Public Interest Issues in Cross-Border Mergers: Is There a Role for Competition Authorities?, Yongama Njisane and Hardin Ratshisusu
11:Barriers to Entry and Implications for Competition Policy, Simon Roberts
12:Some Key Issues Concerning Further Development of China's Anti-Monopoly Law, Wang Xianlin
13:Excessive Pricing Regulation in China, South Africa, and Other BRICS Member States, Richard Murgatroyd, Yan Yu, and Innes Barnardt
14:Guidelines as a Tool to Promote Competition Enforcement in Brazil, Marcio de Oliveira Junior and Paulo Burnier da Silveira

Competition Policy for the New Era

Insights from the BRICS Countries

Edited by Tembinkosi Bonakele, Eleanor Fox, and Liberty Mncube

Author Information

Edited by Tembinkosi Bonakele, Commissioner, Competition Commission of South Africa, Eleanor Fox, Walter J. Derenberg Professor of Trade Regulation, New York University School of Law, and Liberty Mncube, Chief Economist, Competition Commission of South Africa

Tembinkosi Bonakele is Commissioner of the Competition Commission of South Africa and a Fellow of the University of Johannesburg's Centre for Competition, Regulation and Economic Development. Eleanor Fox is Walter J. Derenberg Professor of Trade Regulation at New York University School of Law. She is editor of The Design of Competition Law Institutions: Global Norms, Local Choices (OUP, 2012) and co-author of Developing Countries and Competition: Sub-Saharan Africa (OUP, forthcoming). Liberty Mncube is the Chief Economist at the Competition Commission of South Africa and Professor of Economics at the University of Stellenbosch. The contributors are academic and practising economists and lawyers from both developed and developing countries.