Question

how could competition policy info the wrongs of the past and make South Africa a better place.​

Answer 1

Answer:

• Part of the new international orthodoxy in economic policy is the competition policy and at the same time was viewed in South Africa as a crucial element of economic transformation.
• This article reviews the experiences of developing countries such as Brazil South Korea and the role of competition policy in the economic development.
• After 1994 in South Africa it then assesses the effect of competition policy the main focus Bheem on the performance of new competition institution which was established in 1994.
• To assess the approach and impact of the institution in the concentrated sector the case of the Steel industry is used that head simultaneously undergoes processes of liberalisation and domestic consolidation.
• Through trade liberalization the opening up of the economy also seen increased concentration in many sectors
• With inefficient firms, closing down or being taking over land of closer focus by companies is the result of consolidation on their core activities.

To support mergers and acquistions Economics -of- scale arguments have also been used in several sectors.