The Goals of Competition Policy


 1  December 2022  | 09.30-13.00 CETParis, France 



Most jurisdictions have embraced some form of the consumer welfare standard to achieve the basic goals of competition: to maintain and encourage the process of competition in order to promote efficient use of resources while protecting the freedom of economic action of various market participants. Some also consider competition policy as a tool to contribute to a number of other objectives: pluralism, decentralisation of economic decision-making, preventing abuses of economic power, promoting small business, fairness and equity and other socio-political values. These “supplementary” objectives tend to vary across jurisdictions and over time. The latter reflects the changing nature and adaptability of competition policy so as to address current concerns of society while remaining steadfast to the basic objectives.

In December 2022, the OECD Global Forum on Competition questioned whether competition law and policy needs to adapt as a policy instrument to better accommodate socio-economic trends such as the rising importance of sustainability. Is the current consumer welfare focus sufficient? Is the instrument of competition law enforcement still effective or does it need to be complemented by other instruments, or new legislation?

Watch the session  on replay



FORUM 2022

Programme 2022  

Photo album

Global Forum home page

Subsidies, Competition and Trade

Remedies and Commitments in Abuse Cases

Interactions between competition authorities and sector regulators  


See also the full list of OECD best practice roundtables on competition


Opening Session

Mathias Cormann SG bio pic

Mathias CORMANN Bio 
Secretary-General, OECD

Margrethe Vestager Bio  
Executive Vice-President for a Europe Fit for the Digital Age and
Commissioner for Competition, European Commission


Rebeca Grynspan Bio    
Secretary-General, UNCTAD

Frédéric JENNY Bio 
Chairman, OECD Competition Committee


Carmine Di Noia Bio    
Director, OECD Directorate for Financial and Enterprise Affairs

Panel Speakers 

Johannes B. R. Bernabe  Bio   
OIC Chairperson and Commissioner, PCC, Philippines



Tembinkosi Bonakele Bio  
Former Commissioner, CCSA, South Africa


Mick Keogh  Bio   
Deputy Chair, ACCC, Australia 



Esteban Greco Bio‌ 
Director, GAMES Economics



Lina M. Khan Bio  
Chair, FTC, United States



Spencer Weber Waller Bio‌  
Justice John Paul Stevens Chair in Competition Law and
Professor, Loyola University Chicago School of Law



Spencer Weber Waller




Consumers International




Related links 

Are competition and democracy symbiotic?, Global Forum on Competition 2017
Sustainability and Competition, OECD Competition Open Day 2021
Competition under fire, Global Forum on Competition, 2019
Competition issues in labour markets, OECD Competition Open Day 2020
How can competition contribute to fairer societies?, Global Forum on Competition 2018
Gender and competition, Global Forum on Competition 2018
Promoting competition; Protecting human rights, Global Forum on Competition 2016
Does competition kill or create jobs? The links and drivers between competition and employment, Global Forum on Competition 2015
Fighting Corruption and Promoting Competition, Global Forum on Competition 2014 
Competition and Poverty Reduction, Global Forum on Competition 2013
OECD Competition Youtube channel
Global Forum website Full list of Competition Policy Roundtables


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