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"The principal objective of Competition Law is to protect the competitive process. It prohibits activities such as collusive agreements to fix prices or outputs, abuse of dominance, or monopolization, and anti-competitive mergers. Around the world as an increasing number of countries move toward economic liberalization, there is renewed interest in adopting or modernizing Competition Laws. India, too, has taken significant steps away from its post independence system of governmental controls and protective regimes. The Competition Act, 2002 is on the statute books and is likely to be fully operational within a short period. This unparalleled volume, with contributions from eminent international, as well as Indian specialists, offers a comprehensive survey and analysis of key concepts and issues in Competition Law. Equally importantly, it contains the essence of the experience of the law in practice in major developed and developing countries. Experts from the respective jurisdictions have written on Competition Law in Australia, the European Community, Germany, the UK, the USA, Korea, Mexico, and South Africa. The book is particularly relevant for countries such as India, which may be said to have a weak competition culture, and where the need to build a knowledge base is indisputable. The final part of the book is devoted to the evolution of Competition Law in India particularly the provisions of the 2002 statue. Throughout, the book highlights the economic context of this law and the role of economic analysis in determining competition cases. This timely and authoritative volume will be of interest to Competition Law authorities, the judiciary and lawyers, chartered accountants, company secretaries, cost accountants, senior managers, advance level students of management, law, and economics, policymakers in economics and law, and business journalists." 

Contents: Foreword/C. Rangarajan. Law and economics/Fali S. Nariman. Preface. List of abbreviations. Over View : Key concepts in Competition Law/Vinod Dhall. Part I. Competition Law--substantive provisions and major issues: 1. Control of cartels and other anti-competitive agreements/Richard Whish. 2. Abuse of dominant position--enforcement issues and approaches for developing countries/Robert D. Anderson and Alberto Heimler. 3. Merger control/Alan H. Goldberg. 4. Leniency programmes in Competition Law/Paul Crampton and Graham Reynolds. 5. Competition Law and intellectual property rights/Valentine Korah. 6. Competition Law policy--exemptions, exceptions, and differential application/R. Shyam Khemani. 7. Competition advocacy and interface with government/Philip Lowe and Geraldine Emberger. 8. Competition and regulation/Allan Fels. 9. The efficient and effective competition authority/Lennart Goranson. 10. World Competition Law--conflicts, convergence, cooperation/Eleanor M. Fox. Part II. Competition Law in select jurisdictions: 11. Competition Law in Australia/Sitesh Bhojani. 12. EC Competition Law--the first experiences of modernization/Michael J. Reynolds. 13. Competition Law in Germany/Ulf Boge. 14. Competition Law in Mexico/Eduardo Perez Motta. 15. South African Competition Law--origins, content, and impact/David Lewis. 16. Korean Competition Law--policies and developments/Youngjin Jung. 17. The Competition Regime in the UK/Christopher Bellamy. 18. Competition Law in the United States of America/Stephen Calkins. Part III. Competition Law, economics, and policy: 19. Economic growth and consumer welfare--the role of Competition Law/Dando B. Cellini. 20. The economics of Competition Law/Amit Bubna and Shubhashis Gangopadhyay. 21. The return of industrial policy--a threat to Competition Law?/Simon J. Evenett. Part IV. Competition Law in India: 22. The evolution of Competition Law in India/Amitabh Kumar. 23. The Indian Competition Act, 2002/Vinod Dhall. Select bibliography. Notes on contributors.