At the recent World Trade Organization (WTO) ministerial meeting in Doha, Qatar, WTO members called for the launch of negotiations on disciplines relating to competition based on explicit consensus on modalities to be agreed at the fifth WTO ministerial meeting in 2003. WTO discussions since...

This paper argues that externalities stemming from inadequate use of domestic competition laws are hard to measure and if at all that practice shows that they are rather unimportant. On the other hand, the existing framework (unilateral bilateral / multilateral), if used properly, can provide at...