The dynamics of internal changes in China – whether these changes impact its national economy or its political order and distribution of power – have imminent influence on its relations with the rest of the world. The important, and perhaps less treated, question vis-à-vis China’s rise is how and to what extent do internal changes in China affect its external behavior and thus its relations with the current world hegemon, the United States. In addition, this publication asks what the clash of two politically, culturally and economically different internal orders of the US and China will mean for their future interactions in the twenty-first century. The aim of this publication is not to measure and encompass the entirety of the posed question, but rather to provide an incursion into this problem through two specific case studies – one focusing on the interactions of two distinct political cultures and the other on the economic, geopolitical and ideological interplay of the US and China on the African continent. As will be demonstrated, incompatible as the two regimes and their respective foreign policies may seem, they will not necessarily predestine conflicts in mutual relations. As America can well coexist with China even if it does not meet the Western standards of a liberal democracy, so does the competition in Africa between these two major powers not have to amount to a zero-sum game. At the end of the day, both countries might meet halfway in their respective political interactions.

Global competition now shapes economies and societies in ways unimaginable only a few years ago, and competition (or 'antitrust') law is a key component of the legal framework for global competition. These laws are intended to protect competition from distortion and restraint, and on the national level they reflect the relationships between markets, their participants, and those affected by them. The current legal framework for the global economy is provided, however, by national laws and institutions. This means that those few governments that have sufficient 'power' to apply their laws to conduct outside their own territory provide the norms of global competition. This has long meant that the US (and, more recently, the EU) structure global competition, but China and other countries are increasingly using their economic and political leverage to apply their own competition laws to global markets. The result is increasing uncertainty, costs, and conflicts that burden global economic development. This book examines competition law on the global level and reveals its often complex and little-understood dynamics. It focuses on the interactions between national and international legal regimes that are central to these dynamics and a key to understanding them. Part I examines the evolution of the current global system, the factors that have shaped it, how it operates today, and recent efforts to alter that system-e.g., by including competition law in the WTO. Part II focuses on national competition law systems, revealing how national laws and experiences shape global competition law dynamics and how global factors, in turn, shape national laws and experiences. It examines the central roles of US and European law and experience, and it also pays close attention to countries such as China that are playing increasingly important roles in the global competition law arena. Part III analyzes current strategies for improving the legal framework for global competition and identifies the factors that may contribute to a system that more effectively supports global economic and political development. This analysis also suggests a pathway for moving toward that goal.

Global Competition Enforcement New Players, New Challenges Edited by Paulo Burnier da Silveira & William Evan Kovacic In a short span of years, the landscape of global competition has changed significantly. In particular, international cooperation in competition law enforcement has greatly strengthened the battle against abuse of dominance, cartels, anticompetitive mergers and related political corruption. This thoroughly researched book explains the current situation regarding joint investigations, identifies common problems and considers possible solutions and future developments. In addition to covering issues of competition policy, its authors look in detail at practice in both merger and conduct investigations in a variety of countries. The following aspects of the subject and more are examined in depth: the interface between antitrust and anti-corruption; the digital economy’s challenges to competition authorities; convergent aims and rules among different competition authorities; regional organizations with competition mandates; competition neutrality and state-owned enterprises; and leniency programmes. Although necessarily there is considerable information on major antitrust regimes like those of the United States and the European Union, chapters by local experts highlight lessons to be learned from the work of competition authorities in five continents including Argentina, Australia, Brazil, China, Colombia, India, Japan, Mauritius, Mexico, Peru and South Africa. The contributors include competition enforcers, regulators, academics, practitioners and leading commentators from a range of jurisdictions. Adding up to an authoritative analysis from the enforcer’s perspective, the studies presented in the book clarify the approaches and priorities of competition enforcement authorities – including those of major emerging economies – and provide expert guidance on dealing with transnational investigations. Antitrust lawyers, corporate counsel and interested academics as well as policymakers will benefit immeasurably from this book’s wealth of informative detail.

This book offers an outlook on relations in the 21st century between national governments and multinational companies.

This fascinating book offers up a window on one of today’s key areas relating to globalization. The matter in question is to what extent national competition policy has to be regarded as a factor of international competitiveness. Should national antitrust policy be given priority over international antitrust rules?

Offers a comprehensive exploration of transnational law and advances a framework for investigating transnational regulatory institutions.

The politics of international trade have changed dramatically over the past 20 years. Advances in technology have spurred a new kind of 'trade' involving transfers of components and materials across borders but within firms. Trade in services, foreign direct investment and sales by affiliates of foreign-owed companies have grown more rapidly than trade in goods, making national rules and regulations more significant barriers to trade. The effects of 'non-trade' policies on trade have engaged new actors in trade politics, not least in the European Union (EU). The emergence of a more active bloc of developing countries alongside a vibrant international civil society, including environmental and consumer groups and ministries, have made trade politics increasingly lively, complex, and challenging for the EU. Meanwhile, the World Trade Organization has become not only a primary focus for EU trade policy but also a lightning rod for protest, a powerful 'legaliser' of trade diplomacy, and an arena where it is often difficult, even impossible, to separate private from public interests. The European Union and the New Trade Politics provides a state of the art analysis of how the EU shapes and is shaped by the 'new' trade politics. This book was previously published as a special issue of The Journal of European Public Policy.

A collection of essays exploring the gap between theory and practice in comparative legal studies.

This book presents a comprehensive study of the emergence, functioning and evolution of international cooperation among competition authorities. It presents an in-depth look at network cooperation taking place within international organisations, as well as networks based on binding international agreements and various informal networks, among others. It further identifies and analyses the forms of international cooperation among national competition authorities (NCAs) that are taking place within transnational competition networks. The book classifies these forms of cooperation by grouping them into three stages – soft, developed and enhanced cooperation – discussing each in detail. It thus reflects the evolution of the international cooperation process and provides insights as to its possible development. This work will be of interest to researchers, academics and advanced students in the fields of competition law, public administration, international relations and those interested in international competition law and its contribution to global public governance.

The European and American economies are closely interlinked as mutually important investment and trading partners. The growing intensity of economic interdependence has spurred the transatlantic coordination of rules and standards that can lead to the formation of non-tariff barriers to transatlantic commerce. But despite impressive government-to-government efforts to eliminate market barriers, the E.U. and the U.S. have frequently clashed over each other's regulatory policies. The aim of this book is to explore the domestic sources of cooperation or conflict in transatlantic regulation. The book analyses the role of domestic factors through three theoretical lenses that are well-established in the study of multilevel systems: the principal-agent approach, the two-level game metaphor, and through a wider concept of institutionalism which emphasises the links between societal interests and regulatory ideas with institutional frameworks. The book states that domestic factors embody more obstacles than opportunities for horizontal coordination. It is argued that transatlantic relations will likely undergo a ‘double movement’ of being simultaneously shifted upwards to become part of the global governance architecture, and downwards towards broader involvement of legislators in regulatory matters. Hence, transatlantic regulation might in the near future be shaped more by political leaders, rent-seeking interest groups and legislators than by networks of technocrats. This book was published as a special issue of the Review of International Political Economy.