Application of the competition right in the european union and the fortaleza protocol for Mercosul
DOI:
https://doi.org/10.5433/2178-8189.2008v12n0p117Keywords:
Competition right, european uniono, mercosul, economic development, fortaleza protocolAbstract
The opening of the world economy requires competitiveness of national and international markets. Thus, the defense of competition constitutes a fundamental element in the social, cultural and economic development of countries or regional groups. However, it is necessary to create a competition culture both in the society and in governments so that they understand that applying a correct defense policy is the only way for social, cultural and economic growth of a society. Government and society should mobilize every effort and capacity for such an aim. Competition is claimed as a guarantee for traders due to the advantages of competing on equal terms in markets where consumers choose the products that offer best price and quality. Every process of economic integration should adopt measures to defend competition that guarantee legal safety in market relations, assuring economic development with proper life for citizens.