Competition law and policy has become a consensually recognized instrument to support countries to pursue inclusive economic growth and sustainable development strategies across the world, notwithstanding the size, the economic structure, or the level of development of the countries at stake. Nearly 140 countries have so far adopted competition legal frameworks and established institutions to enforce the law, including numerous developing countries—all the BRICS (Brazil, Russian Federation, India, China and South Africa), the vast majority of Latin American countries, several Northern, Eastern, Western and Central African countries, Middle Eastern/Arab countries, some community of independent states countries (economies in transition), most Southeast Asian countries, and least
Competition law and policy has been adopted across the globe by developing countries as a consensual instrument to pursue sustainable economic growth and development. Regional economic organizations gathering developing countries have also included competition provisions or committed to competition policy coordination. Regional cooperation can foster international cooperation in addressing cross-border anti-competitive practices and increase developing countries national competition authorities’ leverage vis-à-vis global companies. As the focal point for competition law and policy within the United Nations system, UNCTAD provides the largest intergovernmental forum for dialogue and international cooperation in this area. It offers an excellent platform for regional communities and organizations to “network the networks” towards stronger and more effective regional competition regimes.
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