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Continuities and Change in IPE at the Start of the Twenty-first Century Read chapter Read first chapter

2019 | OriginalPaper | Chapter

28. Competition Law and Policy as an Emerging IPE Issue

Author : Tim Büthe

Published in: The Palgrave Handbook of Contemporary International Political Economy

Publisher: Palgrave Macmillan UK

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Abstract

Competition policy seeks to constrain market power and safeguard market entry and contestability, mostly through legal and regulatory mechanism. It has traditionally been considered a domestic matter—warranting above all legal and economic analysis. I argue that competition policy is an important and inherently political emerging IPE issue. I identify three recent developments that make competition law and policy an important emerging issue for understanding international political economy: (1) a changing understanding of the political economy of trade as requiring competition law and policy as complements, (2) the rapid global diffusion competition law and policy, and (3) the resulting increased probability of cross-border conflicts—with corresponding incentives for increased transgovernmental cooperation. For each of these developments, I flag opportunities for research by IPE scholars.

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previous chapter Sovereign Wealth Funds and International Political Economy
next chapter Reviewing the Costs and Benefits of Mano Dura Versus Crime Prevention in the Americas
Footnotes
1
The European Union and a few other, mostly federal jurisdiction also include subsidies (or ‘state aid’) regulation in their competition policy (see Büthe 2007; 2015).
 
2
Ordo-liberalism is a philosophical school of thought—motivated in part by the experience with cartels and trusts in Weimar and Nazi Germany—that rejects government intervention when it seeks to direct economic activity but sees the state as having a necessary ‘ordering’ function in the economy to safeguard individuals against any concentration of political and economic power that would threaten their freedom and equality of opportunity.
 
3
By my count, 35 jurisdictions (34 countries + the EU) had such laws on the books in 1990; and most of them also implemented/enforced them with at least moderate consistency.
 
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Metadata
Title
Competition Law and Policy as an Emerging IPE Issue
Author
Tim Büthe
Copyright Year
2019
Book
The Palgrave Handbook of Contemporary International Political Economy

Print ISBN: 978-1-137-45442-3

Electronic ISBN: 978-1-137-45443-0

Copyright Year: 2019

DOI
https://doi.org/10.1057/978-1-137-45443-0_28