Global Markets, Global Corporations: How European Competition Policy Responds to Globalization

Abstract

EU competition policy may be explained as a system: an organized set of objectives, rules, functions, procedures and authorities, acting in unity. A system is a complex reality, immersed in a complex context and permanently changing to overcome its dysfunctionalities and to adapt itself to environmental challenges. Globalization is its major challenge today. This paper proposes to understand globalization from four viewpoints. EU competition policy should respond to an evolutionary, contradictory, relative and systemic globalization. The aim of this paper is to identify the responses adopted in order to react to all these different dimensions of globalization.

Citation

Rodríguez de las Heras Ballell, T. (2006), "Global Markets, Global Corporations: How European Competition Policy Responds to Globalization", Laible, J. and Barkey, H.J. (Ed.) European Responses to Globalization (Contemporary Studies in Economic and Financial Analysis, Vol. 88), Emerald Group Publishing Limited, Leeds, pp. 65-92. https://doi.org/10.1016/S1569-3759(06)88004-6