Competition Law and Cooperation: Possible Strategies
In many respects, international competition policy already exists. Overlapping domestic legal regimes create a de facto regime that firms involved in international business must navigate. There are, however, almost no binding international agreements on the topic; there is no overarching institution that applies or enforces laws on competition; and there are no international requirements regarding procedural or substantive rules. This chapter addresses the following questions: What characterizes the relationship between domestic competition laws and international business activities? To what extent is international cooperation on competition policy likely or possible? Finally, given the answers to the first two questions, what form might international cooperation on competition policy take?
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