GLOBALIZATION AND COMPETITION POLICIES

This paper discusses the nature of globalisation and its relationship to cross-country competition in the markets for tradeable goods and se rvices. It emphasises the dual modes of cross-border supply, namely, i nternational trade and international production. These have given rise to new international dimensions of competition policy. The paper surv eys these dimensions and considers the desirability of harmonising com petition policies of different nations and other options such as the d evelopment of multilateral competition policies under the WTO. JEL no. L49.