BRICS and the Global Competition Law Project

03.10.2017 924

Book chapter

BRICS and the Global Competition Law Project

P. 115-135.

Evolving BRICS cooperation in Competition Law and policy provides new hope. It aims to embrace the peculiarities of globalization in its current phase. All BRICS jurisdictions are desperately searching for a solution that shortcuts the developmental track. The group’s experimentalist energy and creativity are extremely important for the current phase of global economic development. Not only is an institutional structure of the global order in transition, but also the very nature of the global marketplace. The new global competition policy should focus on facilitation of openness among global networks and value chains through the reduction of the manipulative and exclusionary potential of networks. BRICS cooperation can help make the global marketplace fairer and more equal, and can promote competition encouraging a broader dissemination of knowledge and advanced technologies, while eliminating barriers imposed on the global flows of innovation by the global technological monopolies and cartel-like technological joint ventures.

Competition Policy competition law BRICS compeition law and policy

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