pepsi - Unclassified Organisation de Coopration et de...

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Unclassified CCNM/GF/COMP/WD(2004)18 Organisation de Coopération et de Développement Economiques Organisation for Economic Co-operation and Development 09-Jan-2004 ___________________________________________________________________________________________ English - Or. English CENTRE FOR CO-OPERATION WITH NON-MEMBERS DIRECTORATE FOR FINANCIAL, FISCAL AND ENTERPRISE AFFAIRS OECD Global Forum on Competition HOW ENFORCEMENT AGAINST PRIVATE ANTICOMPETITIVE CONDUCT HAS CONTRIBUTED TO ECONOMIC DEVELOPMENT Contribution from Pakistan -- Session IV -- This contribution is submitted by Pakistan under Session IV of the Global Forum on Competition, to be held on 12 and 13 February 2004. JT00156487 Document complet disponible sur OLIS dans son format d'origine Complete document available on OLIS in its original format CCNM/GF/COMP/WD(2004)18 Unclassified English - Or. English
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CCNM/GF/COMP/WD(2004)18 2 ACTUAL CASES THAT ARE BELIEVED TO HAVE CONTRIBUTED TOWARDS ECONOMIC DEVELOPMENT Introduction 1. A well-structured program of regulatory reform brings lower prices and more choices for consumers, helps stimulate innovation, investment, and, thereby boosts economic growth. Some important considerations showing the central place of competition law and policy in the national economic development policy framework are as under: International cartels and other restrictive business practices of private firms operating in international markets can be detrimental to economic development. Domestic competition laws can be used as effective instruments to alleviate the problem of international anticompetitive practices in at least two ways: (a) they can deter international cartels from operating on the territories of the countries which have adopted such laws; and (b) they may enable the authorities of these countries to prosecute successfully (either alone or in cooperation with competition authorities of the country where the firms are located) international firms adopting anticompetitive practices on their territories 1. There is a movement away from government intervention and towards increased reliance on market mechanisms. It is recognised that government interference in market mechanisms may lead to a reduction in the real income of citizens compared with the level they would enjoy if competition prevails. When a reduction in the real income of a large proportion of the population combines with a perception that large profits are being made by a small number of recipients of state protection, resentment may grow, threatening democratic reform. Thus, highly regulated economies are often considered by the public to be unfair to consumers. 2.
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pepsi - Unclassified Organisation de Coopration et de...

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