ABSTRACT

Until two or three decades ago, competition and consumer protection policies were the preserve of major developed economies like the United States, the United Kingdom and some European countries. Now competition issues are on the top of many an international agenda as globalisation spreads and as the operations of the World Trade Organisation (WTO), the World Bank, the Asia Pacific Economic Cooperation (APEC) forum and other organisations have brought about a realisation that regulatory reform-and in many economies the creation for the first time of regulatory instruments for competition and consumer protection-is an imperative.1