| Competition Policies for an Integrated World Economy Contributor(s): Scherer, F. M. (Author) |
|
 |
ISBN: 0815777981 ISBN-13: 9780815777984 Publisher: Brookings Institution Press OUR PRICE: $24.75 Product Type: Paperback - Other Formats Published: August 1994 Annotation: During the second half of the twentieth century, competition policy has been accorded an increasingly prominent role in the policy portfolios of industrialized nations. Since the late 1940s, when twenty-three nations ratified the first General Agreement on Tariffs and Trade (GATT), tariff barriers have been progressively reduced throughout much of the industrialized world. The final Uruguay Round negotiations extended GATT's reach to agriculture, services, and intellectual property and clarified policies toward other aspects of trade. While great progress has been made, much remains to be done to integrate the world economy in the 21st century. In this book, part of the Brookings Integrating National Economies series, F. M. Scherer explores the three-way interaction among competition policy, national trading and investment strategies, and international trade policies. Focusing on four nations - the United States, the United Kingdom, Germany, and Japan - he surveys the evolution over two centuries of national trading and competition policies and the points at which they come in conflict. Attempts to harmonize them through multilateral institutions, such as the European Union, are examined. The principal intersections between competition and trade policies are analyzed in depth. Scherer shows how export and import cartels have effects similar to traditional tariff barriers and how restraints implemented to settle trade disputes induce cartelization. Also investigated are the substantially different rules governing price discrimination under trade laws and competition policy, how vertical restraints such as exclusive dealing and resale price maintenance serve as import barriers, and theconflict between industrial policy and competition policy goals as nations choose whether to encourage or restrict mergers. Scherer offers recommendations for substantive and procedural improvements at the interface between trade and competition policies. He proposes a new set of international competition policy institutions that combat avoidable restraints while respecting the need for national sovereignty. |
| Additional Information |
| BISAC Categories: - Business & Economics | International - Economics - Political Science | International Relations - General - Political Science | Public Policy - Economic Policy |
| Dewey: 337 |
| LCCN: 94-11819 |
| Lexile Measure: 1720 |
| Series: Integrating National Economies: Promise & Pitfalls |
| Physical Information: 0.71" H x 6.26" W x 9.31" (0.89 lbs) 167 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Scherer has demonstrated yet again why he is one of the world's leading antitrust scholars. This book provides a much needed, in-depth study of the role of national antitrust policies in a global economy. The Antitrust Division wrestles with this question daily and this book provides a guide to us and to all those interested in antitrust policy with some important answers.--Anne K. Bingaman, Assistant Attorney General, Antitrust Division, U.S. Department of Justice. As global markets for goods, services and financial assets have become increasingly integrated, national governments no longer have as much control over economic markets. With the completion of the Uruguay Round of the GATT talks, the world economy has entered a fresh phase requiring different rules and different levels of international cooperation. Policies once thought to be entirely domestic and appropriately determined by national political institutions, are now subject to international constraints. Cogent analysis of this deeper integration of the world economy, and guidelines for government policies, are urgent priorities. This series aims to meet these needs over a range of 21 books by some of the world's leading economists, political scientists, foreign policy specialists and government officials. A volume of Brookings' Integrating National Economies Series |