Regulation in Developing Countries: Growing Pains of the Indian Merger Review Regime

Competition and Regulation in India, 2015, Leveraging economic Growth through Better regulation, CIRC, CUTS International #1532

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Abstract

Given the lack of information and institutional weaknesses found in low-income countries, private monopolies are more likely to exploit their position by influencing the regulatory environment or by evading regulation. Weak regulation of competition is likely to undermine the potential gains to be made from privatisation and deregulation. This paper seeks to highlight the problems faced by Competition Authorities in developing countries in implementing merger review effectively with specific reference to merger review reform in India.