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Globalization and Competition Policy

Rapid globalization of business has created challenges for antitrust enforcement:

Should a government permit mergers, or joint ventures, even if they reduce competition, if they enhance the ability of domestic businesses to compete internationally?    

Should a country government move to break up monopolies, if the global marketplace for the products offered is highly competitive?  

Should regulators try to enforce antitrust laws against foreign companies if they operate subsidiaries within their borders?

What steps can governments take to create a level playing field, so that corporations operate under a common set of antitrust rules and regulations wherever they do business?

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