ARTICLE : EUROPEAN UNION - UNITED STATES - CHINA - INTERNATIONAL ANTITRUST - CONVERGENCE - ECONOMIC POWERS - COOPERATION

Convergence, divergence or disturbance – How major economic powers approach international antitrust

This article attempts to understand how the driving forces of the global economy — the European Union, the United States, and China — view and approach international antitrust. This will be done by analysing recent stances that they have taken as well as longer trends in their actions and inactions in terms of international cooperation on competition issues, whether at the level of political rhetoric, legislative action or by a shift in legal praxis. Reasons for underlying differences are analysed and potential areas for deeper cooperation are identified. The article concludes by suggesting possible developments for future global cooperation in international antitrust. Findings will aid in forecasting the future path for international antitrust.

Introduction 1. In 2012, the Organisation for Economic Development (OECD) Competition Committee decided to focus its future work on two strategic themes: International Co-operation in Competition Enforcement and Evaluation of Competition Interventions. [1] The former remains a key priority for the OECD and is closely linked to the topic of this article, which aims to forecast the path for international antitrust [2] for the coming years. 2. This will be done by analysing the recent stances that major world economic powers have taken as well as longer trends in their actions and inactions in terms of international cooperation on competition issues. The guiding assumption is that whatever actions such major powers decide to employ, they will significantly affect the kind of

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Michael Ristaniemi, Convergence, divergence or disturbance – How major economic powers approach international antitrust, September 2018, Concurrences Review N° 3-2018, Art. N° 87243, www.concurrences.com

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