Perspectives on competition policy

Medalla, Erlinda M.

doi:10.4324/9780203312353_chapter_1

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“…Nevertheless, the popularity of competition policy among legislators plummeted as the 11th Congress of the Philippines opted to pass laws mostly related to building schools, public works, franchises, local government, and declaration of a holiday (Panao, 2016). Medalla (2000) stressed that the absence of a competition policy and law may be attributed to the private sector's lack of appreciation of the issue. Reasons cited for the said problem include the forward-looking appeal of a competitive market after thirty years of protectionism and the (in)ability of small and medium-sized firms to compete with larger foreign enterprises (Medalla, 2000).…”

Section: A Brief History Of Competition Policy In the Philippines (19...mentioning

confidence: 99%

“…Medalla (2000) stressed that the absence of a competition policy and law may be attributed to the private sector's lack of appreciation of the issue. Reasons cited for the said problem include the forward-looking appeal of a competitive market after thirty years of protectionism and the (in)ability of small and medium-sized firms to compete with larger foreign enterprises (Medalla, 2000).…”

Section: A Brief History Of Competition Policy In the Philippines (19...mentioning

confidence: 99%

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Examining Philippine Competition Policy (1992-2015) through Punctuated Equilibrium Theory

Katigbak

2022

Asia Social Issues

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For many democracies, competition in the free market is an essential pillar to ensure the continuous improvement of the standard of living of their citizens. In the Philippines, an anti-trust law was only institutionalized in July 2015 after former President Benigno Aquino III signed into law the Philippine Competition Act (PCA). Despite this major legislative landmark, critics argue that it should have been passed two decades ago. The study finds that the role of political institutions has been instrumental in effecting policy stasis as oligarchs and economic elites maintain close links with the legislators and government officials. Furthermore, the Philippine government has opted to focus on issue-neutral, non-controversial, and public works-centered projects to prevent debate among colleagues and to satisfy demands of constituencies. Interestingly, there was no triggering event to effect policy change. Instead, the passage of the PCA is due to two major reasons: domestic rationale; and global developments.

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Section: A Brief History Of Competition Policy In the Philippines (19...mentioning

confidence: 99%

Section: A Brief History Of Competition Policy In the Philippines (19...mentioning

confidence: 99%

Examining Philippine Competition Policy (1992-2015) through Punctuated Equilibrium Theory

Katigbak

2022

Asia Social Issues

View full text Add to dashboard Cite

show abstract

Perspectives on competition policy

Cited by 1 publication

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Examining Philippine Competition Policy (1992-2015) through Punctuated Equilibrium Theory

Examining Philippine Competition Policy (1992-2015) through Punctuated Equilibrium Theory

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