Competition Policy for the New Era: Insights from the BRICS Countries

Competition Policy for the New Era: Insights from the BRICS Countries
Editors: Tembinkosi Bonakele, Eleanor Fox, Liberty Mncube
Publisher: Oxford University Press
Publication Year: 2017

About this Book

This volume explores the evolving role of competition policy within the BRICS countries—Brazil, Russia, India, China, and South Africa—at a time when competition law has expanded globally to more than 100 jurisdictions with varying economic, social, and institutional contexts. Drawing from papers presented at the 4th BRICS International Competition Conference, the book brings together scholars, economists, and legal practitioners from both developed and developing countries.

The collection addresses key issues such as:

• A broad perspective on competition policy beyond traditional antitrust concerns.
• Aligning market regulation with broader public and national interest goals.
• The development of China’s anti-monopoly framework.
• Remedies and enforcement in BRICS countries, including cross-border merger considerations.
• Practical approaches to crafting creative remedies in sectors like food markets in South Africa.
• African competition authorities’ fight against cartels and antitrust sanctioning economics.

This work provides a unique insight into how BRICS nations navigate the interaction between competition law and economic development, offering lessons for both scholars and policymakers engaged in the design and reform of competition policy globally.

Contents

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 – 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
7. The Economics of Antitrust Sanctioning: Review and Recommendations – Yannis Katsoulacos & Eleni Metsiou
8. Remedies in BRICS Countries: Lessons from Competition Economics – Svetlana Avdasheva & Tatiana Radchenko
9. Crafting Creative Competition Remedies in South Africa – Liberty Mncube et al.
10. Public Interest Issues in Cross-Border Mergers – Yongama Njisane & 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 et al.
14. Guidelines as a Tool to Promote Competition Enforcement in Brazil – Marcio de Oliveira Junior & Paulo Burnier da Silveira