Constituti​onalising the Egyptian Competitio​n Policy in the Post Revolution​ary Reforms

The Arab Revolutions, namely in Tunisia and Egypt, triggered a domino-effect in an unprecedented or expected manner. The peoples were able to change their ruling regimes and to revolt against their social conditions. The Egyptian Revolution was the second of those Revolutions bringing hope and aspirations to Egyptians and the peoples of other Arab countries. Currently, Egypt is in a transitional period were a new constitution is expected to be adopted in the future. Looking at the chants of the demonstrators and the previous economic conditions and general complaints, it seems that the lack of competition policy and efficient enforcement were main causes in triggering such a movement. Basically, the chants were against the soaring prices of food and the monopolisation of the economy.This article is intended to shed the light on the linkage between the failure of dealing with the different monopolistic practices (i.e. failure of competition enforcement) and the burst of the 25th of January Revolution. It is also intended to propose a number of reforms which are thought to be essential for any future socio-economic developments and reforms.In the first part of this Article the role of anticompetitive conducts and monopolies together with others as main reasons for the Revolution shall be explored. It will then address a basic question which is what form of economy is expected to be included in the expected Egyptian constitution. As will be shown one may fairly suggest that it shall be an open market economy where social benefits are secured. In addition, it shall delve into the possible social benefits that an efficient competition regime may attain. It will then highlight the main reasons why the existing competition regime failed to attain any of these benefits. It will then go further to argue that competition is a human value which detrimental to the societal welfare and hence should be granted constitutional protection. Finally, some conclusions shall be drawn together with few recommendations