| Summary: | In their pioneering first edition of this work in 1974, the authors, Earl W. Kintner and Mark R. Joelson, pointed out that the coming era of increasingly interdependent national economies and powerful multinational enterprises posed a great challenge from the viewpoint of competition regulation. The need to foster competition in a globalized economy characterized by international transactions and relationships, accomplished at great speed, required new approaches by national regulators and even consideration of international rules. Twenty seven years later, the globalized economy is an acknowledged fact, and some 90 nations maintain competition regimes, in an effort to keep their economies free of cartels and abuses imposed by dominant firms. In consequence, the focus has shifted from efforts to legitimize competition laws as a necessary element of universal economic policy to the pursuit of internationally acceptable and effective means for assuring and regulating business competition on a global scale. In this second edition, Mark R. Joelson brings up to date the discussion of the status of and prospects for competition regulation, focussing on several important regimes. The book contains detailed summaries of the antitrust laws of the United States and the competition laws of the European Communities, including the case law. It also reviews the applicable competition laws and important developments in Canada, Mexico, the U.K. and Japan. The work contains the essential information in a single volume for easy and practical use by the business person, journalist, lawyer or student who wishes to become familiar with this field.
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