Global Competition: Law, Markets, and Globalization

Paperback | February 20, 2012

byDavid Gerber

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Global competition now shapes economies and societies in ways unimaginable only a few years ago, and competition (or 'antitrust') law is a key component of the legal framework for global competition. These laws are intended to protect competition from distortion and restraint, and on thenational level they reflect the relationships between markets, their participants, and those affected by them. The current legal framework for the global economy is provided, however, by national laws and institutions. This means that those few governments that have sufficient 'power' to apply their laws to conduct outside their own territory provide the norms of global competition. This has long meant that the US (and, more recently, the EU) structure global competition, but China and other countries areincreasingly using their economic and political leverage to apply their own competition laws to global markets. The result is increasing uncertainty, costs, and conflicts that burden global economic development.This book examines competition law on the global level and reveals its often complex and little-understood dynamics. It focuses on the interactions between national and international legal regimes that are central to these dynamics and a key to understanding them.Part I examines the evolution of the current global system, the factors that have shaped it, how it operates today, and recent efforts to alter that system-e.g., by including competition law in the WTO. Part II focuses on national competition law systems, revealing how national laws and experiencesshape global competition law dynamics and how global factors, in turn, shape national laws and experiences. It examines the central roles of US and European law and experience, and it also pays close attention to countries such as China that are playing increasingly important roles in the globalcompetition law arena. Part III analyzes current strategies for improving the legal framework for global competition and identifies the factors that may contribute to a system that more effectively supports global economic and political development. This analysis also suggests a pathway for movingtoward that goal.

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Global competition now shapes economies and societies in ways unimaginable only a few years ago, and competition (or 'antitrust') law is a key component of the legal framework for global competition. These laws are intended to protect competition from distortion and restraint, and on thenational level they reflect the relationships bet...

David J. Gerber, B.A. Trinity College (Conn.), M.A. Yale, J.D., University of Chicago is Distinguished Professor of Law at Chicago-Kent College of Law. He has been a visiting professor on the law faculties of the University of Pennsylvania, Northwestern University and Washington University in the United States and the Universities of ...

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Format:PaperbackDimensions:416 pages, 9.21 × 6.14 × 0.01 inPublished:February 20, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199652007

ISBN - 13:9780199652006

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Table of Contents

1. Law, Competition, and Global MarketsPart I Sovereignty as the Framework for Global Competition2. Global Competition Law: A Project Conceived and Abandoned3. Sovereignty as a Solution: Extending the Reach of National Laws4. Globalization and Competition Law: Conflict, Uncertainty, and the Promise of ConvergencePart II Domestic Experience and Global Competition Law5. US Antitrust Law: Model and Lens6. Competition Law in Europe: Market, Community, and Integration7. Globalization, Development, and 'Other Players': Widening the LensPart III Competition Law as a Transnational Project8. Convergence as Strategy: Scope and Limits9. Reconceiving Competition Law for Global Markets: Agreements, Commitments, and Pathways10. Global Competition and Law: Trajectories and Promises