Session III (continued): The role of competition policy in promoting economic development
Wednesday, 10 November 2010, 16:30-18:00 hrs
E-Building, Room XVIII (1st floor)
This session is dedicated to the various approaches taken by competition authorities in response to the challenges arising from the global economic crisis in order to achieve effective enforcement of merger control.
Just as the effects of the recession went beyond the markets in which it originated, so too should the outlook of competition policy enforcers when applying competition policy and merger control. For enforcement to be effective, governments should endeavour to minimize any negative impact on competition arising from their interventions and account for the risk of creating adverse consequences in other states given the global dimensions of many markets. Therefore, anti-competitive practices require globally coordinated responses.
In addition to increased coordination, it appears that effective enforcement of competition policy and merger control requires that national laws are enforced with consistent rigor throughout the economic cycle and not relaxed in response to a recession. Competition advocacy becomes even more important during periods of economic troubles given that effective enforcement of competition policy requires that competition advocacy is broadened to wider policy areas without compromising on the independence of competition authorities.
Related questions for discussion include the following:
- How can coordination between competition authorities of developing countries and developed countries be encouraged in times of economic trouble and beyond?
- How can we achieve more global cooperation on the application of the failing firm defence?
- How can competition authorities gain more exposure to wider forums in which government policy decisions are made and avoid political capture?
|16:30 - 16:40
||Introduction by UNCTAD Secretariat|
|16:40 - 17:10
- Mr Russell Damtoft, USA
- Mr Kaushal Kumar Sharma, India
- Mr Sam Pieters, EU
|17:10 - 18:00
||Discussion open to all delegates |
Delegates wishing to speak during the session are invited to inform the Secretariat accordingly by contacting Ms. Emi Dagogo (email@example.com)
The role of competition advocacy, merger control and the effective enforcement of law in times of economic trouble (TD/RBP/CONF.7/6)
26/08/10, 18 Pages, 140 Kb
Also available in: French Spanish Arabic Chinese Russian
(Written contributions by Member States and presentations by Panellists will be published during the Conference.)
Documents are made available in the language and form in which they were received. The views expressed therein are those of the authors/organizations and do not necessarily reflect the views of the UNCTAD secretariat.
The role of competition policy in promoting economic development: Introduction by UNCTAD secretariat
10/11/10, 13 Pages, 194 Kb
Presentation by Russell W. Damtoft, Associate Director, Office of International Affairs, U.S. Federal Trade Commission
10/11/10, 7 Pages, 208 Kb
Presentation by K K Sharma, Advisor (Law) & former Director General, Competition Commission of India
10/11/10, 10 Pages, 272 Kb
Presentation by Sam Pieters, International relations officer, DG Competition
10/11/10, 7 Pages, 93 Kb