Governance structures for competition policy: A case study for the Philippines

Competition policy has become one of the key elements of national economic policy in many countries around the world. This is due to the important role that competition plays in ensuring that markets efficiently produce goods and services that best meet evolving consumer demands. This paper explores...

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Bibliographic Details
Main Authors: Cabalu, Helen, Kenyon, Peter, Koshy, Paul, Wills-Johnson, Nick
Format: Journal Article
Published: Philippine Economics Society 2007
Subjects:
Online Access:http://pre.econ.upd.edu.ph/index.php/pre/article/view/250/607
http://hdl.handle.net/20.500.11937/29091
Description
Summary:Competition policy has become one of the key elements of national economic policy in many countries around the world. This is due to the important role that competition plays in ensuring that markets efficiently produce goods and services that best meet evolving consumer demands. This paper explores the rationale for a comprehensive competition policy and sets out the principles of governance and a suggested governance structure that would deliver an effective competition policy in the Philippines. It also explores the difficulties in implementing competition policy in a developing country where public policy governance structures are not well resourced.