
This book focuses on market law and policy in sub-Saharan Africa, showing how markets can be harnessed by poorer and developing economies to help make the markets work for them: to help them integrate into the world economy and provide a better standard of living for their people while preserving their values of inclusive development. It explores uses of power both by dominant firms, often multinationals, and incumbent governments and cronies, to ring-fence their market positions and deprive rivals - often the indigenous people - from fair access to markets and highlights how competition authorities are pushing back and winning fair access, lowering prices of goods and services especially for the poorer population. The book also examines the next level up - regionalism - and provides the facts that show how regionalism has so far failed to meet its promise of freeing markets from cross-border restraints by large firms that operate across national borders.On the more technical side, the book takes a deep look at the competition policies of sets of nations in sub-Saharan Africa - West, South-eastern, and South. It examines the performance of the competition authorities of particular nations, including how they handle cartels, monopolies and mergers; their standards of illegality, and their methodologies for incorporating public interest values into their analyses.Observing the good works by a number of the national competition authorities, the book is optimistic about the role of the national competition authorities in protecting the people from abuses of economic power, and, perhaps in the future, the role of regional authorities and less formal networks in promoting an African voice in defence of competition.
This book investigates how competition law and market policy can be effectively utilized within sub-Saharan African economies to foster inclusive development and integrate these nations into the global market. Eleanor M. Fox, a professor of trade regulation, and Mor Bakhoum, a legal scholar specializing in competition law, synthesize legal analysis with economic data to argue that robust competition authorities are essential for curbing the monopolistic power of multinational firms and incumbent governments. They present a framework for balancing market efficiency with the specific socio-economic needs of developing populations.
What You Will Find
Scope Limits
Experts identify this work as a foundational text for understanding the intersection of antitrust law and development economics in the African context. Readers frequently note the academic density of the prose, which provides a rigorous examination of institutional performance for legal practitioners and policy researchers.
Page Count:
248
Publication Date:
2019-01-18
ISBN-10:
0190930993
ISBN-13:
9780190930998
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