Competition Law in Developing Countries
The question of whether competition law implementation and enforcement constitutes a relevant concern for developing countries is certainly legitimate. In fact, it was a common view that the implementation of competition laws in developing countries in the first place was not a sovereign decision of these countries, but one that was obtruded by the pressure of foreign international institutions. In the absence of liberalized markets in developing countries, there was little incentive to support the introduction and development of competition laws. Rather, the enactment of competition laws was in some instances made a precondition by the developed world for economic cooperation and trade with developing countries. This perceived imposition, occurring in the context of local markets marked by strong state intervention, constituted and still constitutes a hurdle to effective competition law enforcement in developing countries.