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Sustainability of ASEAN integration, competition policy, and the challenges of COVID-19
Journal of Antitrust Enforcement Pub Date : 2020-06-11 , DOI: 10.1093/jaenfo/jnaa019
Hassan Qaqaya

The current COVID-19 virus is both a health and economic crisis, which has spread beyond the places in which it originated and affected countries and markets worldwide. Logically, competition policy enforcers when applying competition law and advising policymakers on government interventions in dealing with this crisis should, therefore, look beyond national borders. The COVID-19 crisis came at the time when the policy debate criticizing the activities of competition authorities has been broad and wide-ranging from questioning the inadequacy of the consumer welfare standard, to concerns about the current merger control standards. Competition authorities faced questions about the effectiveness of their activities and whether competition may be skewed, favouring large firms to the detriment of smaller ones or certain economic classes of the population over others. It is against this background that competition agencies face COVID-19. The current COVID-19 crisis will pass and despite the varying levels of success of previous state interventions, stimulus packages can prevent a more severe downturn and be instrumental to the recovery and stability of markets. It is, therefore, best to find a compromise between competition law and policy and industrial policy rather than focusing on their potential conflicts. This said, a realistic approach to competition law enforcement in times of COVID-19 necessitates taking account of the unique economic characteristics of the current crisis. According to an IMF report ‘growth in Asia is expected to stall at zero percent in 2020. This is the worst growth performance in almost 60 years, including during the Global Financial Crisis (4.7 percent) and the Asian Financial Crisis (1.3 percent).’ This exogenous shock requires measures to protect people, jobs, and industries directly. All Association of Southeast Asian Nations (ASEAN) countries are hit by the global tourism slowdown, and by lower commodity prices. Within the Asia,

中文翻译:

东盟一体化的可持续性、竞争政策和 COVID-19 的挑战

当前的 COVID-19 病毒既是一场健康危机,也是一场经济危机,它已经蔓延到其起源地之外,并影响了全球的国家和市场。因此,从逻辑上讲,竞争政策执行者在适用竞争法和就政府应对这场危机的干预措施向决策者提供建议时,应该超越国界。COVID-19 危机发生之时,批评竞争主管机构活动的政策辩论范围广泛,从质疑消费者福利标准的不足到对当前的合并控制标准的担忧。竞争主管部门面临着有关其活动有效性以及竞争是否可能出现偏差的问题,偏袒大公司,而损害较小的公司或人口中的某些经济阶层而不是其他人。正是在这种背景下,竞争管理机构面临 COVID-19。当前的 COVID-19 危机将会过去,尽管之前的国家干预措施取得了不同程度的成功,但一揽子刺激计划可以防止更严重的衰退,并有助于市场的复苏和稳定。因此,最好在竞争法和竞争政策与产业政策之间找到折衷方案,而不是关注它们的潜在冲突。也就是说,在 COVID-19 时期采取现实的竞争法执法方法需要考虑当前危机的独特经济特征。根据国际货币基金组织的一份报告,“亚洲的增长预计将在 2020 年停滞在 0%。这是近 60 年来最糟糕的增长表现,包括在全球金融危机 (4.7%) 和亚洲金融危机 (1.3%) 期间。这种外生冲击需要采取措施直接保护人员、工作和行业。所有东南亚国家联盟 (ASEAN) 国家都受到全球旅游业放缓和大宗商品价格下跌的打击。在亚洲内部,
更新日期:2020-06-11
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