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Economics & Law on Competition in 21st Century Globalization (Paperback)
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Economics & Law on Competition in 21st Century Globalization (Paperback)
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21st century globalisation is distinguished by institutional and
political reforms in many countries such as gradual trade
liberalisation and international co-ordination of policies. This
author considers globalisation as a non-stop process leading to the
convergence of the civilisations, lower cost of production,
controlled freedom of communications, guarded advancements of
technology, shrinking of distances via advanced transportation
means and the economic funds utilise their powers demolishing any
local lawful revolutionary efforts exploiting the globe with a
fairly democratic way at present. The global economic funds should
avoid a gradually undemocratic exploitation of the globe in order
to bypass/avoid a global conflict looming in the end of the road of
an autocratic globalisation lacking any ethical values. Moreover,
globalisation has created centres of power that are alongside, even
in competition, with the power of states. Innovation demands
extensive up-front R&D costs and strong intellectual property
protection is not disconnected from competition principles, but
rather, is a vital part of antitrust policy as a whole. Sound
intellectual property rights protection creates the competitive
environment required to allow companies to profit from their
inventions, which encourages innovation efforts.
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