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Competition Law in the World After 1990 - Chapter Five - Antitrust and Competition Laws
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Originally from Antitrust and Competition Laws
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Chapter Five - COMPETITION LAW IN THE WORLD AFTER 1990
I. GLOBAL PROLIFERATION OF COMPETITION LAWS
The most recent period in the history of competition laws began in 1990. When the European Economic Community came into force in 1958, there were very few countries with competition laws, notably the United States, the UK and new legislation in Germany. Other countries such as Canada, France and Japan had competition laws, but relatively little enforcement. Between 1958 and 1990, there was a gradual increase in competition legislation, again with little enforcement, as seen for example in Argentina, Chile, India, Korea and Pakistan. In the decade after the Berlin Wall fell in 1989, competition laws began to proliferate around the world. With the collapse of the Soviet Union, many former Eastern Bloc countries, and the Russian Federation itself, enacted competition laws. During the next two decades, countries on all five continents adopted competition laws, including countries with highly diverse economic and political structures, like China, Iran, Saudi Arabia and Vietnam. By 2016, 134 countries, four sub-national groups and seven regional organizations (including, among others, CARICOM (Caribbean region) and ASEAN (southeast Asia)), adopted competition law regimes.
Barry E. Hawk is former Director of the Fordham Competition (formally Corporate) Law Institute and former Partner with Skadden Arps (New York and Brussels). He is former Vice Chair of the ABA Antitrust Section and former Chair of the New York State Bar Association Antitrust Section, as well as Professor at Fordham Law School and Visiting Professor at Michigan Law School, Monash University Law School, New York University Law School and the University of Paris.
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