ABSTRACT
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book examines the relationship between trade and competition policy. It explores the ways in which the changing nature of economic interdependence has altered explanations for trade and investment. This interdependence is sometimes termed economic globalization. The book suggests that, when an analysis of the complex manufacturing or research and development intensive sectors is carried out, it is necessary to 'recalculate' the welfare function and to define efficiency other than in the static sense. In complex manufacturing sectors, the relationship between trade and antitrust is somewhat different and considerably more nuanced. The book explores two industries: tanner crab and soda ash. It analyses the soda ash industry. The book examines a case of 'monopoly leverage' involving a proposed merger between General Electric and Honeywell of the US, both firms involved in avionics.
