Business Ethics and Corporate Governance, Second Edition

WHAT IS A GOOD COMPETITION POLICY?

To accomplish the objectives of free markets a conducive competition policy is regarded for conserving and sustaining the efficiency of open markets. Such a policy should aim at fostering an active competitive environment in which globally competitive firms would emerge with larger investment and higher technological capabilities and would have all policy instruments that would promote competition in markets.

A good and effective competition policy with the objective of restraining the emergence of monopolies and bringing in a competitive market that would ensure benefits to the consumers and overall economic efficiency, and at the same time taking cognizance of the specific needs of a developing country like ...