Theoretical and Applied Economics
No. 3 / 2023 (636), Autumn
Competition policies and legislation regarding the European-Asian economic corridors
Bucharest University of Economic Studies, Romania
Abstract. Competition policy has become an important issue in the context of global trade and capital liberalisation processes over the past decade. The set of rules is established on several levels (at national level or at group level in the case of trade or financial unions, but also taking into account the sectors of activity taken individually). The average level of duty on imports decreased significantly and various non-tariff restrictions were removed. However, trade barriers put in place by private parties have remained largely unaddressed, even though these trade practices can distort trade and investment flows and lead to conflicts between countries. Competition policy refers to anti-competitive business practices (sometimes referred to as restrictive business practices). Competition laws were first introduced in the United States and later in European countries. Latin American countries have recently adopted competition laws. The subject is complex and interdisciplinary. It brings together the areas of international law, company law, industrial organisation, innovation policy, transnational corporations, international trade and transport. Competition policy aims to prevent undertakings from reducing the efficiency of market mechanisms. The aim is to discourage undertakings from forming cartels or monopolies and abusing a dominant position, and to ensure that mergers and acquisitions are subject to adequate control. These practices often limit competition and remove incentives for excellence, innovation, price reductions and improved customer service. Anti-competitive practices can also act as barriers to trade, distorting trade and investment flows. They can reduce global prosperity and lead to conflicts between countries. Therefore, some kind of international agreement may be needed to prevent or remove these new types of trade barriers.
Keywords: competitiveness, Asian, development, policies, regulation.
Contents
- The economics and evolution of heroic behavior
Daniel FARHAT
- Financial contagion and identifying speculative frenzies:
Unraveling price bubbles in cryptocurrency markets
Nora CHIRIȚĂ
Camelia DELCEA
Ionuț NICA
Simona-Liliana CRĂCIUNESCU (PARAMON)
Ștefan-Andrei IONESCU
- Comparative study on the legislative framework
for attracting FDI in Romania
Constantin ANGHELACHE
Ștefan Virgil IACOB
Alexandra PETRE
Cristian OLTEANU
- Macroeconomic determinants of economic growth.
An international perspective
Yashasvi PANDEY
C.R. BISHNOI
- Analysing the interrelationship
between Bitcoin price and it’s energy consumption
Neha SETH
Kirti JAIN
- Comparative study on the global performance of companies with foreign capital
and those with Romanian capital
Mădălina-Gabriela ANGHEL
Denis-Arthur STRIJEK
Marius-Cristian RĂDUȚ
- A proposal for modified human development
index for BRICS countries.
A holistic approach towards sustainable
human development
Bhawna MUDGAL
Hemlata MANGLANI
- The effect of overconfidence behaviour
on stock market volatility in Belgium
Kouamé Marcel ANZIAN
Paul Vivien OYIBO
Koffi Mouroufie Emmanuel DJEBAN
Ebi Georges FOSSOU
- The impact of the economic policy uncertainty
and geopolitical risks on tourism demand of Mexico
Veli YILANCI
Sertaç HOPOĞLU
Hakan ERYÜZLÜ
- Credit, housing prices, expectations, and the macroeconomy.
Evidence from developed and developing countries
Priti Mendiratta ARORA
Hema KAPUR
Ananya Ghosh DASTIDAR
- Competition policies and legislation regarding
the European-Asian economic corridors
Rareș-Mihai NIȚU
- Modern leadership communication
and strategic lobbying
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Raluca Iuliana GEORGESCU
Ionuț-Valeriu ANDREI
Dan Cezar OSICEANU
- Determinants of foreign capital inflows.
The role of push versus pull factors
Ramesh BOMMADEVARA
Sri Ram PADYALA
- Are stock markets of emerging economies
informationally efficient?
Causal analysis of stock prices and macroeconomic variables
of EM7 economies for the recent decade
Mearaj-ud-Din DAR
Khursheed Ahmad BUTT
- The impact of management accounting practices:
Comparative analysis study between Jordan and Romania
Omar ALHATO
- The economic vision of artificial intelligence's (AI) efficiency
Andrei Bogdan Decebal DIACONU
- Impact of FDI and energy consumption
on the agricultural productivity of BRICS nations
Sanjay Kumar PATEL
Devashish JOSHI
- Re-visiting exchange rate volatility – risk perception relation.
New evidence from Fourier tests
Selim KAYHAN
Tayfur BAYAT