Competition policies and legislation regarding the European-Asian economic corridors
Competition policy has become an important issue in the context of global trade and capital liberalisation processes over the past decade. The set of rules is established on several levels (at national level or at group level in the case of trade or financial unions, but also taking into account the...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2023-09-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1685.pdf
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| _version_ | 1797670869244313600 |
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| author | Rareș-Mihai NIȚU |
| author_facet | Rareș-Mihai NIȚU |
| author_sort | Rareș-Mihai NIȚU |
| collection | DOAJ |
| description | Competition policy has become an important issue in the context of global trade and
capital liberalisation processes over the past decade. The set of rules is established on several levels
(at national level or at group level in the case of trade or financial unions, but also taking into
account the sectors of activity taken individually). The average level of duty on imports decreased
significantly and various non-tariff restrictions were removed. However, trade barriers put in place
by private parties have remained largely unaddressed, even though these trade practices can distort
trade and investment flows and lead to conflicts between countries. Competition policy refers to
anti-competitive business practices (sometimes referred to as restrictive business practices).
Competition laws were first introduced in the United States and later in European countries. Latin
American countries have recently adopted competition laws. The subject is complex and
interdisciplinary. It brings together the areas of international law, company law, industrial
organisation, innovation policy, transnational corporations, international trade and transport.
Competition policy aims to prevent undertakings from reducing the efficiency of market
mechanisms. The aim is to discourage undertakings from forming cartels or monopolies and abusing
a dominant position, and to ensure that mergers and acquisitions are subject to adequate control.
These practices often limit competition and remove incentives for excellence, innovation, price
reductions and improved customer service. Anti-competitive practices can also act as barriers to
trade, distorting trade and investment flows. They can reduce global prosperity and lead to conflicts
between countries. Therefore, some kind of international agreement may be needed to prevent or
remove these new types of trade barriers. |
| first_indexed | 2024-03-11T21:07:04Z |
| format | Article |
| id | doaj.art-957eda8ff6d14dc6a336f40af56e0ab6 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-03-11T21:07:04Z |
| publishDate | 2023-09-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-957eda8ff6d14dc6a336f40af56e0ab62023-09-29T11:38:27ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292023-09-01XXX320921818418678Competition policies and legislation regarding the European-Asian economic corridorsRareș-Mihai NIȚU0 Bucharest University of Economic Studies, Romania Competition policy has become an important issue in the context of global trade and capital liberalisation processes over the past decade. The set of rules is established on several levels (at national level or at group level in the case of trade or financial unions, but also taking into account the sectors of activity taken individually). The average level of duty on imports decreased significantly and various non-tariff restrictions were removed. However, trade barriers put in place by private parties have remained largely unaddressed, even though these trade practices can distort trade and investment flows and lead to conflicts between countries. Competition policy refers to anti-competitive business practices (sometimes referred to as restrictive business practices). Competition laws were first introduced in the United States and later in European countries. Latin American countries have recently adopted competition laws. The subject is complex and interdisciplinary. It brings together the areas of international law, company law, industrial organisation, innovation policy, transnational corporations, international trade and transport. Competition policy aims to prevent undertakings from reducing the efficiency of market mechanisms. The aim is to discourage undertakings from forming cartels or monopolies and abusing a dominant position, and to ensure that mergers and acquisitions are subject to adequate control. These practices often limit competition and remove incentives for excellence, innovation, price reductions and improved customer service. Anti-competitive practices can also act as barriers to trade, distorting trade and investment flows. They can reduce global prosperity and lead to conflicts between countries. Therefore, some kind of international agreement may be needed to prevent or remove these new types of trade barriers. http://store.ectap.ro/articole/1685.pdf competitivenessasiandevelopmentpoliciesregulation |
| spellingShingle | Rareș-Mihai NIȚU Competition policies and legislation regarding the European-Asian economic corridors Theoretical and Applied Economics competitiveness asian development policies regulation |
| title | Competition policies and legislation regarding the European-Asian economic corridors |
| title_full | Competition policies and legislation regarding the European-Asian economic corridors |
| title_fullStr | Competition policies and legislation regarding the European-Asian economic corridors |
| title_full_unstemmed | Competition policies and legislation regarding the European-Asian economic corridors |
| title_short | Competition policies and legislation regarding the European-Asian economic corridors |
| title_sort | competition policies and legislation regarding the european asian economic corridors |
| topic | competitiveness asian development policies regulation |
| url |
http://store.ectap.ro/articole/1685.pdf
|
| work_keys_str_mv | AT raresmihainitu competitionpoliciesandlegislationregardingtheeuropeanasianeconomiccorridors |