With a small population of 300,000, which is scattered over more than 100 islands in the southern Pacific Ocean, and relatively high barriers to external trade, French Polynesia is the archetype of a small economy. Such economies are known to pose significant challenges for competition policy. Mainly, the size of the economy implies that in most markets, only a small number of firms can operate efficiently. Yet such concentration dampens competition and reduces allocative efficiency. Are you experiencing such challenges, and how do you deal with them? A high degree of concentration is indeed a common phenomenon in small market economies (SMEs), even more so in island economies. As you rightly point out, only a small number of economic actors can operate efficiently, and there is also
Johanne Peyre: The challenges of a small, young jurisdiction in applying competition law
Interview conducted by Michal S. Gal, Professor, University of Haifa.
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.