Introduction

Author(s):  
Tembinkosi Bonakele ◽  
Eleanor M Fox ◽  
Liberty Mncube

This book presents a new stage in the contributions of the BRICS countries to the development of Competition Law and policy. The BRICS countries are Brazil, Russia, India, China, and South Africa. These five countries, located on three continents, have significant influence in their respective regions and in the world. The changing global environment means greater political and economic role for the BRICS and other emerging countries. BRICS countries are expected to contribute nearly half of all global gross domestic product growth by 2020....


This book presents a new stage in the contributions of the BRICS countries (Brazil, Russia, India, China, and South Africa) to the development of Competition Law and policy. These countries have significant influence in their respective regions and in the world. The changing global environment means greater political and economic role for the BRICS and other emerging countries. BRICS countries are expected to contribute nearly half of all global gross domestic product growth by 2020. For more than a century, the path of Competition Law has been defined by the developed and industrialized countries of the world. Much later, developing countries and emerging economies came on the scene. They experience many of the old competition problems, but they also experience new problems, and experience even the old problems differently. Where are the fora to talk about Competition Law and policy fit for developing and emerging economies? The contributors in this book are well-known academic and practising economists and lawyers from both developed and developing countries. The chapters begin with a brief introduction of the topic, followed by a critical discussion and a conclusion. Accordingly, each chapter is organized around a central argument made by its author(s) in relation to the issue or case study discussed. These arguments are thoughtful, precise, and very different from each another. Each chapter is written to be a valuable freestanding contribution to our collective wisdom. The set of case studies as a whole helps to build a collection of different perspectives on competition policy.



Author(s):  
Eleanor M. Fox ◽  
Mor Bakhoum

This chapter explores the core and limits of competition law and policy in terms of the values of inclusive development and poverty alleviation in sub-Saharan Africa. A pro-outsider, pro-inclusive development antitrust policy would value a free and open marketplace without privilege or favor. This perspective is especially critical for African nations and market players without economic power and especially for those populations in societies ruled by a few privileged families or firms, or by autocrats. Pro-outsider competition policy may be implemented not only through competition law enforcement of manageable rules and standards but also through advocacy by the competition authority with partners such as the World Bank, and collaboration with neighbors. The elements of good policy form an interdependent virtuous circle.



Author(s):  
Eleanor M. Fox ◽  
Mor Bakhoum

This chapter explores South African competition law. South Africa has the most sophisticated system of competition law and policy in sub-Saharan Africa. It has a mission to expand economic opportunity and facilitate inclusive development. In the wake of the UN Millennium Development Goals and the follow-on Sustainable Development Goals, there is a new world consciousness of the need to combat deep systemic poverty and to reverse the tide of increasing inequality of wealth, income, and opportunity. If there is any nation in the world whose competition law mandates integration of equity and efficiency, it is South Africa, and its policymakers are intent to address this need. The chapter looks at the South African Competition Act and highlights selected cases to illustrate the law and its implementation, including the effort by the Competition Tribunal to give serious regard to the equality and inclusiveness values that animated the statute.



2020 ◽  
Author(s):  
Claudio Santiago Dias ◽  
Ana Paula Verona

This work seeks to compare the number of confirmed cases and deaths caused by COVID-19 among the BRICS member countries using data from Johns Hopkins University. The situation experienced by the BRICS is worrying. Brazil, Russia, India, and South Africa are among the five countries with the highest number of confirmed cases. Special attention should be given to Brazil, which ranks in second place regarding to the number of confirmed cases in the world. In addition, India will have the highest number of infections in March 2021, according to projections of Massachusetts Institute of Technology (MIT).



Author(s):  
Зеленева ◽  
I. Zeleneva

In the conditions of accruing civilization crisis a need of reforming of modern international system, global leadership and global management is becoming apparent. The ascending giant countries (Brazil, Russia, India, China and the Republic of South Africa), becoming the new geopolitical centers of the world, became a new force in world politics. The author believes that BRICS as global association of regional powers is capable to reform the global management system.



2020 ◽  
Vol 6 ◽  
pp. 1
Author(s):  
Fiyinfoluwa Giwa ◽  

Brazil, Russia, India, China, and South Africa (BRICS) have made a tremendous economic impact on the world. Through the New Development Bank (NDB) and the Trade Facilitation Agreement (TFA) by the World Trade Organization, they have become stronger. This article made use of different views to discuss the implication of the NDB and TFA on BRICS. No empirical analysis was carried out. From the viewpoints of other scholars, the Trade Ministers of the BRICS and the World Trade Organization, the NDB and TFA can enhance intellectual and economic growth in the BRICS countries.



2004 ◽  
Vol 5 (4) ◽  
pp. 7-69 ◽  
Author(s):  
Michael Wise


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