Governments are increasingly assessing the effects of their policies and effectiveness of public institutions, and competition agencies are no exception.This Reference Guide constitutes an excellent resource both for the competition authorities who are planning to start performing ex-post evaluations and for those who already do it but want to improve the quality of their assessment.
The 2016 OECD-IDB Latin American Competition Forum takes place in Mexico City, on 12-13 April. Discussions will focus on disruptive innovation, leniency programmes and promoting effective competition in public procurement.
Disruptive innovation is redefining markets around the world and the Latin American and Caribbean region is no exception. In the run-up to the Latin American and Caribbean Competition Forum in Mexico-City on 12-13 April 2016, this article looks at the competition enforcement challenges and advocacy opportunities around disruptive innovations in the region.
Since the start of the economic reform process in the 70s China has been able to generate a large volume of investment, both from domestic and foreign sources. This high volume of investment was instrumental in sustaining strong economic growth and related improvements in living standards. However, this growth model is not longer sustainable. Returns on investment have fallen, excessive capacity is plaguing several sectors and the negative externalities have been very onerous, notably in terms of environmental degradation and rising income inequality. A key objective of the Chinese government is therefore to move the economy towards a more balanced, sustainable and inclusive growth path as envisaged by the 13th Five-Year Plan. In this adjustment process, the country is seeking new approaches for smarter, greener and more productive investment. This will require mutually reinforcing reforms to improve investment planning, rebalance the role of government and market forces, mainstream responsible business conduct and encourage greater private investment, especially in green infrastructure. China’s growing role as an outward investor may act as catalyser for the required reforms at home, as Chinese private and state-owned enterprises have to adopt internationally recognised practices and standards .
Globalisation, the increasing significance of emerging economies, the borderless nature of the growing digital economy, and the proliferation of competition regimes have caused a significant increase in the complexity of cross-border competition law enforcement co-operation. The OECD and its Competition Committee take a leading role in shaping the framework for international co-operation among competition enforcement agencies.
The OECD works on advancing consumer finance protection through informed choice that includes disclosure, transparency and education; protection from fraud, abuse and errors; and, recourse and advocacy.
A joint venture between the Korean government and the OECD, the Centre works with competition authorities in the Asian region to develop and implement effective competition law and policy. Read more about the Centre's work.
Governments can affect the way markets function, sometimes to the detriment of free competition. Ensuring a level playing field is therefore essential to allow competition to work properly. In June 2015, competition experts and delegates debated the challenges arising from state interventions in the market and what competition authorities can do to address the distortions that such interventions can create.
This newsletter contains information about work on competition law and policy in the Asia-Pacific region that is taking place within the framework of the OECD-Korea Policy Centre Competition Programme.
Market studies provide competition authorities with an in-depth understanding of how sectors and markets work. The OECD and the UK Foreign and Commonwealth Office are providing support to Chile, Colombia, Costa Rica, Mexico, Panama and Peru in their use of market studies as an important competition tool.