International Co-operation On Competition Law and Policy: Implications for Developing Countries in Regional Groups

Abstract

Competition encourages entrepreneurial activity and greater efficiency on the part of enterprises, and enhances consumer welfare. The adoption and effective implementation of a national competition policy is thus unambiguously a good thing for all countries. This is the case even for small island developing countries faced with constraints of economies of scale or transport costs, since competition policies aim at achieving as much "workable competition" as its realistic in a given market, and take into account competition from imported goods and any efficiency gains arising from large size.