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Erschienen in:
2016 | OriginalPaper | Buchkapitel
Introduction: Globalization and Public Policy
verfasst von : Chad Damro, Terrence R. Guay
Erschienen in: European Competition Policy and Globalization
Verlag: Palgrave Macmillan UK
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Since the European Union’s (EU) founding treaties, competition policy has become an increasingly important tool for constructing and maintaining what is now known as the Single European Market (SEM). By prohibiting anticompetitive business activities, competition policies are intended to create a level playing field among competitors and, ultimately, to increase economic efficiency and to determine opportunities and incentives for producers and consumers within the SEM.1 At the same time, the EU relies heavily on domestic competition policy to prevent anticompetitive business activities and encourage rivalry among firms in its free market economy.2 The importance of this policy for European integration has led scholars to claim that ‘[t]he concept of a competition policy is the foundation stone of the entire European Union’ (McGowan and Wilks 1995, 141).