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The global adoption of free market economies has unleashed the age-old forces of greed seeking private advantage, while governments are adopting conflicting competition rules to protect consumers. Harmonizing the world's competition regimes is a critical challenge. Both private conduct and government intervention can harm consumer welfare.
Tracing both legal and economic thinking over the past centuries, this book distils the lessons we can learn and the mistakes we can avoid. Provocatively suggesting priorities that may challenge the global USD 11 billion ""antitrust industry"", it proposes ten principles that should assist in designing effective but harmonious competition regimes for the world and invites further discourse as the International Competition Network of some 75 government agencies is beginning convergence efforts at the start of the 21st century.