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Competition Law Fragmentation in a Globalizing World

Published online by Cambridge University Press:  27 December 2018

Imelda Maher
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Abstract

This is a review essay of Caron Beaton‐Wells and Ariel Ezrachi (eds.), Criminalising Cartels: Critical Studies of an International Regulatory Movement (2011); David J. Gerber, Global Competition: Law, Markets, and Globalization (2010); and Ioannis Lianos and D. Daniel Sokol (eds.), The Global Limits of Competition Law (2012). It explores the fragmented nature of national competition laws in the context of globalization and several harmonizing trends: the defining role of economics, the strong influence of US antitrust economics and law internationally, and the relative insularity of competition law from other subdisciplines of law. The recent emergence of competition regimes, especially in the BRICS countries, challenges these harmonizing trends, reducing US hegemony. Economics will remain central but cultural and institutional factors that reflect societal values will become more significant. This leads to a contradiction of convergence as to the benefits of competition law internationally and continuing fragmentation along national lines.

Type
Review Essay
Information
Law & Social Inquiry , Volume 40 , Issue 2 , Spring 2015 , pp. 553 - 571
Copyright
Copyright © American Bar Foundation, 2015 

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