Aspects of brazilian competition policy

Abstract

The purpose of this article is to discuss the evolution of competition policy in Brazil from a historical and comparative
perspective. In contrahas only recently become relevant in Brazil. Its increasing importance for public policy has not been preceded by a gradual development of competition culture and institutions. This fact has several implications for policy making. Best practices in the OECD countries cannot be automatically imported without due attention to the peculiarities of a developing economy. The paper is divided in five sections, including this introduction. Section 2 underlines the structural transformations of the Brazilian economy as well as the international circumstances which made competition policy relevant. This permits a contrast with the evolution of other competition regimes. Section 3 describes the different phases of competition policy in Brazil . Section 4 discusses the challenges and peculiarities of implementing competition policy in a developing economy. Section 5 describes how such challenges were coped with in the Brazilian case. A final section contains the major conclusions.st with the experience of various OECD countries and the United States in particular, competition policy.