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Shaping markets through competition and economic regulation is at the heart of addressing the development challenges facing countries in southern Africa. The contributors to Competition Law And Economic Regulation: Addressing Market Power In Southern Africa critically assess the efficacy of the competition and economic regulation frameworks, including the impact of a number of the regional competition authorities in a range of sectors throughout southern Africa.
Featuring academics as well as practitioners in the field, the book addresses issues common to southern African countries, where markets are small and concentrated, with particularly high barriers to entry, and where the resources to enforce legislation against anti-competitive conduct are limited. What is needed, the contributors argue, is an understanding of competition and regional integration as part of an inclusive growth agenda for Africa. By examining competition and regulation in a single framework, and viewing this within the southern African experience, this volume adds new perspectives to the global competition literature.
It is an essential reference tool and will be of great interest to policymakers and regulators, as well as the rapidly growing ecosystem of legal practitioners and economists engaged in the field.
The nature of competitive rivalry, and the power and interests of large firms and their owners, is at the heart of how countries develop. Large firms shape the economy as these firms can make the investments required in productive capacity, provide the upstream inputs and services required by smaller businesses and, in many areas, are also the main routes to market. At the same time these firms tend to have market power if competition between them is weak. In crude terms, it is critical whether these firms are able to focus on extracting rents through market power, or whether the returns reward their effort, creativity and entrepreneurship. Competition authorities and economic regulators are critical institutions in restraining the market power of firms while at the same tie taking into account the need to incentivise investment. The book maps out key issues in competition through four key industry studies across Southern and East Africa. It considers the nature and extent of market power, the development of large firms, their production, investment and the prices of products across countries. This takes into account the work of competition authorities in the different countries and the implications of industrial policies. The concluding chapter draws out critical implications for competition, regional integration and economic development. This fills a big gap as there are no similar publications relating to this important topic.
This volume locates the international debates on competition and corporate power in the critical issue of inclusive growth. There is a particular focus on shaping regional energy markets, taking into account the implications of climate change as well as the challenges of extending access to affordable energy to low-income households and small businesses.
The volume critically assesses the efficacy of the competition and economic regulation framework, reviewing the impact of the regional (ie. southern African) competition authorities and surveying the impact of particular interventions in the competition and economic regulation arena. This book accomplishes two tasks that are still not adequately covered in the existing literature: first, the book examines in a single framework both competition and economic regulation and second, it takes a southern African view in examining these two topics. Competition and regulation are both distinct but crucial areas of knowledge for the development of the economies of the countries of southern Africa. The legal and policy framework for competition and regulation in the region is relatively new with a number of national institutions still in their infancy.
There is an emphasis on developing African case studies for both training and knowledge-sharing purposes.
Manufacturing in South Africa has undergone major restructuring following the dismantling of the systems of regulation, protection and industry support of the apartheid regime. The outcomes were not as expected, as capital-intensive heavy industries have continued to perform well while most manufacturing has struggled to come to terms with globalisation. As an industrialising country, South Africa is at a critical juncture, with worsening mass unemployment raising major questions over the sustainability of its development trajectory. This volume assesses the policies, outcomes and implications of the developments at the national level and through a key focus on the East Rand now covered by Ekurhuleni Metro. The title includes analyses by leading economic historians, geographers and sociologists, along with economists, to trace the impacts on this region and place it in the wider context of the challenges facing South Africa including HIV/AIDS and black economic empowerment.
"Rules and Processes" is at once a compelling essay in social
theory and a pathbreaking ethnography of dispute in an African
society. On the basis of a sensitive study of the Tswana of
southern Africa, John Comaroff and Simon Roberts challenge most of
the orthodoxies of legal anthropology. They argue that the social
world, and the dispute processes that occur within it, are given
form and meaning by a dialectical relationship between
sociocultural structures and individual experience. The authors
explore in a novel way the relations between culture and ideology,
system and practice, social action and human intention. They
develop a model that lays bare the form and content of "legal" and
"political" discourse in all its variations--a model that accounts
for the outcome of conflict processes and explains why the Tswana,
like people in other cultures, conceive of their world in an
apparently contradictory manner--as rule-governed yet inherently
open to pragmatic individualism; orderly yet inherently fluid and
shifting. "Rules and Processes" offers a fresh and persuasive
approach to our understanding of the dialectics of social life.
This wide-ranging study considers the primary forms of decision-making - negotiation, mediation, and umpiring - in the context of rapidly changing discourses and practices of civil justice across many jurisdictions. Much contemporary discussion in this field, and associated projects of institutional design, are taking place under the wide ranging but imprecise label of Alternative Dispute Resolution (ADR). If a common linking theme is sought, the authors argue that this must lie in a general shift of priorities as between judgement and settlement in ideological terms. This new edition brings together and analyses a wide range of materials dealing with dispute processes and the current debates on civil justice. With the help of a selection of texts beyond those ordinarily found in the emerging alternative dispute resolution literature it provides a broad, comparative perspective on modes of handling civil disputes, with the principal focus on the central processes of negotiation and mediation.
Found footage horror in which a pair of young couples on holiday in rural England decide to try and capture the supernatural events that are the subject of local legend. When Emma (Emily Plumtree) and her fiancÚ Scott (Matt Stokoe) decide to take a trip to the remote cottage that belonged to her deceased grandfather, they invite James (Sam Stockman) and Lynn (Jessica Ellerby) along for the ride. James and Lynn are having relationship difficulties, a situation unlikely to benefit from the fact that James has had a crush on Emma since childhood, but more spectacular problems soon take centre stage. Drawn to film at an abandoned local monastery and a hollowed out old tree by the power of local myths, the curious foursome may well find that the tales they've been told are not as far-fetched as they seemed.
A double bill of 1990s sci-fi movies. In 'The Lawnmower Man' (1992), when simple-minded gardener Jobe Smith (Jeff Fahey) becomes the subject of Dr Angelo (Pierce Brosnan)'s experiments with brain power, he rapidly develops into a genius. However, with his newfound intelligence Jeff begins to get ideas of his own about how the research should continue and soon transforms into an unmanageable megalomaniac who has visions of God... Famous for its innovative computer-generated special effects sequences, the film was one of the first virtual reality thrillers and a direct influence upon such films as 'Virtuosity' and 'eXistenZ'. In the sequel 'The Lawnmower Man 2 - Beyond Cyberspace' (1995) the hapless Jobe (Patrick Bergin, inheriting the role from Jeff Fahey) returns from the first film and convinces his doctor to hook him back up to the computer system that gave him a virtual alter ego. The doctor wants Jobe to create a mammoth computer city/system in cyberspace thus bringing him many riches. However, Jobe has plans of his own and wants the use of a special chip to decipher an encryption code which will allow him to control the world from inside cyberspace.
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