Globalisation and competition policies

Abstract

This paper discusses the nature of globalisation and its relationship to cross-country competition in the markets for tradeable goods and services. It emphasises the dual modes of cross-border supply, namely, international trade and international production. These have given rise to new international dimensions of competition policy. The paper surveys these dimensions and considers the desirability of harmonising competition policies of different nations and other options such as the development of multilateral competition policies under the WTO.