Year: 2025
Type: article
Abstract: Liberalization and globalization are two developments that characterize international economic law activities today. These two developments, with the increase in transportation and communication, have led to the national markets of countries influencing each other in some way since the beginning of the 19th century. Countries have transformed into a form that is economically dependent on each other. This dependency has increased exponentially, especially after World War II. These developments on a global scale have pushed national governments to take measures with the help of taxation of goods in the traditional international trade area to protect their economies. Over time, subsidizing exports, restricting imports, and limiting capital movements at the international level have been added to these measures. These measures implemented by national governments to eliminate the negative effects of liberalization and globalization have led to increased costs during cross-border economic activities and major problems in commercial competition. These measures taken by national governments have given birth to competition law and policy at the national and international level. Competition law and policy, after these developments, have gained a dominant position in today’s international economic decision-making policy. In situations where there is no strong legal mechanism to eliminate or limit the harmful effect caused by globalization and liberalization, the ability of national states to control cross-border transactions and transactions within their borders with local policies has disappeared. This conflict has brought up the issue of erosion related to the sovereignty of nations and has gone as far as creating a tendency for conflict between countries. Ultimately, it inevitably triggers trade wars. With this study, the main issues concerning competition law that cause international concern will be revealed and will focus on the cooperation efforts of multinational institutions in the field of competition law and policy to solve these issues. It will be examined whether the measures taken by these institutions and regulatory mechanisms are sufficient to overcome the problems. Keywords: Liberalization, globalization, competition law and policy, multinational institutions, anti-competitive practices, and international cooperation.
Author: Fikret ERKAN
Language: English
Topic: World Trade Organization Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4410220842