Competition policy: Time for a reset?
2020 OECD Global Forum on competition discussed "Competition Policy: Time for a Reset?"There is a lively debate about whether fundamental changes are needed to existing competition policy frameworks. Proposals include legislative changes to capture a wider range of potentially anticompetitive mergers and conduct, to accelerate competition enforcement actions, or to enable different evidentiary standards and remedies. Others are proposing that the fundamental objectives and focus of competition policy be broadened, to include the consideration of industrial policy, competitive neutrality in trade, inequality, resilience and sustainability. These proposals are taking on new urgency as governments seek to promote growth in the wake of the COVID-19 pandemic. Critics of these proposals for fundamental change fear they will undermine the traditional focus of competition policy on consumers, and thus its effectiveness, suggesting that other regulators or policymakers may be better positioned to address these challenges. In December 2020, the Global Forum on Competition sought to move this debate forward, and explored whether fundamental changes are needed to existing competition policy frameworks. The Forum opened with a keynote presentation followed by a panel discussion on this theme. All related materials for the discussion are available on this page. |
» Access the 7 December English Youtube Live webcast of the first day of the Forum |
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Speakers
Opening session
Panel session
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Global Forum blog series
This blog series is based on the 2020 Global Forum on Competition agenda and highlights some of the key issues that each session addressed.
#1 How can competition law tackle misconduct in digital markets? #2 Can market studies be a more effective tool for tackling emerging competition issues? #3 Are digital markets bringing new challenges in abuse of dominance cases? #4 Economising economic analysis for mergers in smaller markets #5 How does the UK use market studies to tackle emerging competition issues? #6 How is Mexico using market studies to tackle emerging competition issues? #7 Economics in merger control: an invaluable tool at every step of the process
2020 Forum sessions and materials
Commissionner's Vestagers speech Executive summary with key findings Abuse of dominance in digital markets Economic analysis in merger investigations Using market studies to tackle emerging competition issues
Related links
Global Forum on Competition website Competition under fire, OECD Global Forum on Competition 2019 Competition and macroeconomic outcomes factsheet How can competition contribute to fairer societies? 2018 Links and drivers between competition and employment 2015 Fighting corruption and promoting competition 2014 Competition and poverty reduction 2013 Promoting competition, protecting human rights 2016 Are competition and democracy symbiotic? 2017 Competition issues in labour markets 2019 OECD Competition Youtube channel Full list of Competition Policy Roundtables
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