The Global System: Interacting and Adapting
This chapter relates the pieces of the competition law world to each other. It presents individual laws, institutions, experiences, and influences as parts of a whole—an interactive and adaptive system. It outlines the formal framework of the system—the jurisdictional principles of international law that guide and constrain states in applying their laws to conduct outside their borders. It then looks at the system in motion—how ideas, incentives, and pressures cross regime borders to shape and drive decisions. Institutions and individuals are in frequent contact—either directly or through the use of internet content, including social media. Each adapts to the content it receives from others, and thus their messages and relationships continually adapt to new circumstances and information. This creates a new kind of system. Recognizing how it works makes competition law decisions everywhere more comprehensible and more predictable.