1. The evolution of competition laws as a response to changes in economic policy It is remarkable, five years into the new millennium, to reflect upon the seismic changes in economic policy that took place throughout the world in the final decade of the last one and, as one consequence, the rapid evolution of systems of competition law designed to ensure that consumers derive the benefits that competitive markets are capable of delivering. At the end of a century in which the forces of capitalism and communism opposed one another, with potentially deadly consequences, a consensus began to emerge that, in many respects, economic welfare is likely to be enhanced by free markets in which consumers, rather than the state or monopoly suppliers, determine which goods or services they wish
Maltese Competition Law: 10 Years On
A wide range of issues has been considered by the Maltese Commission in the first ten years of the Maltese Competition Act, both procedural and substantive. It is clear that the exposure of the Maltese economy and its stakeholders to more competitive forces than in the past has not always been a comfortable experience ; and the historical influence of the state in distorting competition within Malta is apparent. However the Commission has been successful in identifying, and where appropriate condemning, both public and private restrictions of competition, and has shown itself to be a powerful advocate of the benefits of competition to the citizens of Malta.
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