Answer:
The competition policy and the wrongs of the past and make South Africa a better place due to the following reasons:
- Part of the new international orthodoxy in economic policy is the competition policy and at the same time was viewed in South Africa as a crucial element of economic transformation.
- This article reviews the experiences of developing countries such as Brazil South Korea and the role of competition policy in the economic development.
- After 1994 in South Africa it then assesses the effect of competition policy the main focus Bheem on the performance of new competition institution which was established in
1994.
- To assess the approach and impact of the institution in the concentrated sector the case of the Steel industry is used that head simultaneously undergoes processes of liberalisation and domestic consolidation.
- Through trade liberalization the opening up of the economy also seen increased concentration in many sectors
- With inefficient firms, closing down or being taking over land of closer focus by companies is the result of consolidation on their core activities.
- To support mergers and acquistions Economics -of- scale arguments have also been used in several sectors.
