The Governance Of Global Competition

. . . highly recommendable to anyone interested in international competition policy. Arndt Christiansen, European Competition Law Review This book provides a comprehensive and refreshing analysis of the competition issues raised by the globalisation of markets. It draws on a very wide range of economic and legal sources to assess the manifold proposals for controlling the competitive forces released by the freeing up of world markets. All those interested in these important and largely unresolved issues will find it an invaluable source of reference. Michael A. Utton, University of Reading, UK and Dongbei University of Finance and Economics, Dalian, China The globalization of market competition and business behaviour fosters globalization of cartels and monopolising mergers that can lead to abusive and predatory strategies. The globalization of competition therefore also demands an internationalization of competition policy. However, Oliver Budzinski is realistic in his assertion that supranational competition governance must be built upon the existing, predominantly national, regimes. The resulting multilevel system of antitrust institutions and authorities, he argues, is problematic for the horizontal and vertical allocation of competences. This book employs the economics of federalism to create an analytical framework which can be used for comparative analysis of stylised competence allocation rules. The result is a proposal for a sound international multilevel competition policy system that combines elements of both centralized and decentralized governance. This book provides an innovative and unique perspective on international competition policy and will be of interest to economists, legal scientists and competition authorities as well as academics and practitioners of international governance and international relations and politics.

In its own words, the mission of the International Competition Network (the ICN) is to advocate the adoption of "superior standards and procedures in competition policy around the world, formulate proposals for procedural and substantive convergence, and seek to facilitate effective international cooperation to the benefit of member agencies, consumers and economies worldwide." ICN members include nearly all competition authorities (NCAs) from around the world (over 100 of them). Since its inception, the ICN has also sought to enrich its discussions and outputs through the inclusion of non-governmental advisors (NGAs), principally large multi-nationals and the legal and economic professions. The ICN is a transnational network, set up by its members, largely without wider state input. This book hypothesises that the ICN's formally neutral structures provide powerful influence mechanisms for strong NCAs and NGAs, over the weak; and 'competition experts' over wider state interests, discussing the legitimacy of this from a political and legal theory perspective, analysing the ICN's effectiveness and efficiency, and suggesting ways that the ICN can improve all three. This study has important implications for the ICN itself, particularly as it launches its 'Third Decade Project', billed as a full self-evaluation. However, the story told here is also relevant to states and the wider regulatory community, due to the widespread use of transnational networks.

In this report to the OECD, the Business Sector Advisory Group on Corporate Governance presents the perspectives that it believes should guide public policies related to corporate governance, suggests areas for private sector voluntary action and recommends further actions for the OECD.

In an innovative way, The International Environment of Business, focuses on the fundamental forces of globalization and their implications for both private management in and public management of the changing world economy. The author approaches the subject matter in a way that cuts across the traditional boundaries of business, economics, and international relations. The resulting integration provides the basis for an undertaking of international contextual analysis by managers for their practical tasks of diagnosing, predicting, and responding in their rapidly evolving international, economic, and political environment. The first five chapters establish -- in a substantial, yet concise manner -- some basic principles of international trade and finance. The emphasis is on dynamic comparative advantage, trade policy, international capital movements, and balance-of-payments policy in order to further an understanding of the conduct of international economic transactions and an evaluation of public policy. The analytical principles from these chapters are applied in a number of Policy Profiles that present real policy issues of contemporary and future importance in the world economy. A set of questions provides a basis for an extended discussion of each Policy Profile. For a more advance exposition of some analytical points, there are a number of statistical and technical appendices at the end of these chapters. The next four chapters examine problems that involve state/market relationships in a variety of countries and regions. A major structural change in the global economy is the new Europe -- the internal market integration of the European Union and the proposed movement to an Economic and Monetary Union. Also far reaching are the changes in Japan's global position, the question of "Japanomics," and Japan's transition to a new era. The newly industrialized countries (NICs) are also important actors in the global economy. But can the successful strategies of the Asian NICs be generalized to other developing countries? Also raising crucial questions about the future are the transition economies of Central and Eastern Europe, the former Soviet Union, and China. What is their potential and what is the likelihood of free markets taking hold? In the final two chapters, the author summarizes managerial problems that arise when the forces of international economic integration conflict with national political autonomy, and synthesizes the overriding themes of global competition and global governance.

Richard Vietor shows how governments set direction and create the climate for a nation's economic development and profitable private enterprise. Drawing on history, economic analysis, and interviews with executives and officials around the globe, he provides examinations of different government approaches to growth and development.

Higher education and innovation policies are today seen as central elements in national economic competitiveness, increasingly measured by global rankings. The book analyses the evolution of indicator-based global knowledge governance, where various national attributes have been evaluated under international comparative assessment. Reflecting this general trend, the Shanghai ranking, first published in 2003, has pressured governments and universities all over the world to improve their performance in global competition. More recently, as global rankings have met criticism for their methodology and scope, measurements of various sizes and shapes have proliferated: some celebrating novel methodological solutions, others breaking new conceptual grounds. This book takes a fresh look at developments in the field of knowledge governance by showing how emerging indicators, innovation indexes and subnational comparisons are woven into the existing fabric of measurements that govern our ideas of higher education, innovation and competitiveness. This book argues that while rankings are becoming more numerous and fragmented, the new knowledge products, nevertheless, tend to reproduce ideas and practices existing in the field of global measurement.

Seminar paper from the year 2001 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3 (A), Schmalkalden University of Applied Sciences (Economics), course: Accounting and Controlling, 22 entries in the bibliography, language: English, abstract: Globalization of business that began in the 1970s and matured in the 1990s, has replaced the concept of national exchanges with global transactions. Technology is the prime mover of globalization and globalization is a major mover of competition. This book is set out to examine the effect global competition has on the process of strategic management.