INTERNATIONAL: TURKEY - MERGER CONTROL - EFFICIENCY - INNOVATION

Turkey: Dynamic efficiency considerations in merger control analyses

The final destination and the ultimate goal that we put forth in our article is that the Turkish Competition Board should include innovation considerations in its merger control analyses by employing dynamic tools. Accordingly, we contend that the Turkish Competition Board should “set its course to Ithaka” and aim to reach its “ideal state” in its enforcement of competition rules. The Turkish Competition Board should bear in mind that, regardless of how long, arduous and full of hardship the journey may be, each step taken on this path brings it closer to Ithaka and helps it to achieve the fundamental goals of competition enforcement. Without undertaking this adventurous, challenging and lengthy voyage, it is not possible to reach the final destination. [1]

“As you set out for Ithaka hope the voyage is a long one, full of adventure, full of discovery.” Constantine P. Cavafy, 1911 [2] I. Introduction 1. Innovation is the driving force of evolution and economic growth in world history. [3] It is vital for helping to address global challenges, such as climate change and sustainable development, [4] as well as confronting urgent developmental challenges such as providing access to drinking water, eradicating neglected diseases, reducing hunger, tackling poverty and improving health. [5] The build-up of innovation capacities has been critical to increasing long-term economic growth [6] and advancing the growth dynamics of successful developing countries. [7] These countries have often “recognized that innovation is not just about

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Gönenç Gürkaynak, Naz Topaloglu, Çağlagül Koz, Turkey: Dynamic efficiency considerations in merger control analyses, September 2018, Concurrences Review N° 3-2018, Art. N° 87102, www.concurrences.com

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