Competition under fire
5 December 2019 Paris
2019 OECD GLOBAL FORUM ON COMPETITION DISCUSSES COMPETITION UNDER FIRE
The current policy debate criticising the activities of competition authorities is broad and wide ranging from questioning the inadequacy of the consumer welfare standard, to concerns about the current merger control standards. Competition authorities face questions about the effectiveness of their activities and whether competition maybe skewed, favouring large firms to the detriment of smaller ones or certain economic classes of the population over others. Considerations of industrial policy, and public interest objectives, also enter into the debate of whether competition as we know it is still relevant.
In December 2019, the Global Forum on Competition addressed the growing scepticism of competition, examining and responding to the broad criticisms which antitrust policy has been subject to in recent times. The panel also looked at the role that competition policy could play when pursuing such broader interests; the enforcement standard that agencies could apply; and, if competition should have any role in promoting industrial policy objectives and reduction of inequalities in modern societies.
Missed the 2019 Global Forum on Competition?
Rt. Hon. Andrew TYRIE Bio
|Promoting competition, protecting human rights 2016