Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Law
Convergence And Its Discontents: A Reconsideration Of The Merits Of Convergence Of Global Competition Law, Thomas K. Cheng
Convergence And Its Discontents: A Reconsideration Of The Merits Of Convergence Of Global Competition Law, Thomas K. Cheng
Thomas K. Cheng
This Article examines the recent phenomenon of the convergence of competition law regimes across the globe. The increasing harmonization of competition law, at both the procedural and substantive levels, has been widely discussed and applauded in recent years. This Article casts doubt on the conventional wisdom that convergence necessarily constitutes a positive development in global competition law. After analyzing the causes of the phenomenon, this Article argues that there should be limits to the pursuit of convergence. First, the costs of convergence should not be overlooked. The most important of such costs is the loss of national regulatory prerogative. Second, …