Competition policy: Time for a reset?


 7 December 2020  



There is a lively debate about whether fundamental changes are needed to existing competition policy frameworks. Proposals include legislative changes to capture a wider range of potentially anticompetitive mergers and conduct, to accelerate competition enforcement actions, or to enable different evidentiary standards and remedies. Others are proposing that the fundamental objectives and focus of competition policy be broadened, to include the consideration of industrial policy, competitive neutrality in trade, inequality, resilience and sustainability. These proposals are taking on new urgency as governments seek to promote growth in the wake of the COVID-19 pandemic. Critics of these proposals for fundamental change fear they will undermine the traditional focus of competition policy on consumers, and thus its effectiveness, suggesting that other regulators or policymakers may be better positioned to address these challenges.

In December 2020, the Global Forum on Competition will seek to move this debate forward, and explore whether fundamental changes are needed to existing competition policy frameworks. The Forum will open with a keynote presentation followed by a panel discussion on this theme.

All related materials for the discussion will become available on this page.

gfc -time for a reset

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Jagdish BHAGWATI Bio 
Professor of Economics, Law, and International Relations at Columbia University and Director of the Raj Center on Indian Economic Policies

William E. KOVACIC Bio

Global Competition Professor of Law and Policy; Professor of Law; Director, Competition Law Center, George Washington University

Diana MOSS
President, American Antitrust Institute

Damien J. NEVEN Bio 
Professor Economics, Graduate Institute of International and Development Studies, Geneva and
Senior Academic Advisor, Compass Lexecon

Hiroshi OHASHI Bio  
Dean, the Graduate School of Public Policy and Professor of Economics, University of Tokyo

Executive Director of the Centre for Competition, Regulation and Economic Development (CCRED), University of Johannesburg

Christine WILSON Bio  
Commissioner, US Federal Trade Commission

GFC blog series

This blog series is based on the 2020 Global Forum on Competition agenda and highlights some of the key issues that each session will address.


How can competition law tackle misconduct in digital markets?

Can market studies be a more effective tool for tackling emerging competition issues? 

Are digital markets bringing new challenges in abuse of dominance cases?

Economising economic analysis for mergers in smaller markets

How does the UK use market studies to tackle emerging competition issues?

How is Mexico using market studies to tackle emerging competition issues?

Related links

Competition under fire, OECD Global Forum on Competition 2019

Competition and macroeconomic outcomes factsheet

How can competition contribute to fairer societies? 2018

Gender and competition 2018

Links and drivers between competition and employment 2015

Fighting corruption and promoting competition 2014

Competition and poverty reduction 2013

Promoting competition, protecting human rights 2016

Are competition and democracy symbiotic? 2017

Competition issues in labour markets 2019 

More OECD work on Competition

OECD Competition Youtube channel

Full list of Competition Policy Roundtables


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