AAI Senior Fellow Kenneth Davidson Comments on the Role of Competition Law in Economic Development.

This Commentary discusses how the role of competition law or antitrust law often has been misunderstood by transitional economies as a means to create economic growth. Transitional economies that have sustained high rates of growth in the past three decades have done so by successfully competing in global export markets. Having established competitive industries these countries are now in a position to strengthen their developing market economies by the establishment of effective competition laws.This Commentary discusses how the role of competition law or antitrust law often has been misunderstood by transitional economies as a means to create economic growth. Transitional economies that have sustained high rates of growth in the past three decades have done so by successfully competing in global export markets. Having established competitive industries these countries are now in a position to strengthen their developing market economies by the establishment of effective competition laws.