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.
Contents
The economics and evolution of heroic behavior
Financial contagion and identifying speculative frenzies: Unraveling price bubbles in cryptocurrency markets
Comparative study on the legislative framework for attracting FDI in Romania
Macroeconomic determinants of economic growth. An international perspective
Analysing the interrelationship between Bitcoin price and it’s energy consumption
Comparative study on the global performance of companies with foreign capital and those with Romanian capital
A proposal for modified human development index for BRICS countries. A holistic approach towards sustainable human development
The effect of overconfidence behaviour on stock market volatility in Belgium
The impact of the economic policy uncertainty and geopolitical risks on tourism demand of Mexico
Credit, housing prices, expectations, and the macroeconomy. Evidence from developed and developing countries
The role of the education of hospital managers in a high-performing health system – prerequisites for the unique national standardized program in health management and medical leadership
Competition policies and legislation regarding the European-Asian economic corridors
Modern leadership communication and strategic lobbying
Determinants of foreign capital inflows. The role of push versus pull factors
A revolutionary journey: Business development through digitalization
Are stock markets of emerging economies informationally efficient? Causal analysis of stock prices and macroeconomic variables of EM7 economies for the recent decade
The nexus of foreign trade and economic growth in Tanzania. Examining the influence of COVID-19 pandemic. Evidence from vector error correction model
The impact of management accounting practices: Comparative analysis study between Jordan and Romania
The economic vision of artificial intelligence's (AI) efficiency
Impact of FDI and energy consumption on the agricultural productivity of BRICS nations
Re-visiting exchange rate volatility – risk perception relation. New evidence from Fourier tests
The impact of globalization on labour market specially focusing on wage inequality and job displacement. A theoretical analysis