Merger Control in a Global Context and Cooperation Between Competition Authorities

An international economic order began to develop at the beginning of the 20th century, with the increasing cross-border integration of national economies and the emergence of foreign direct investments. The scale of worldwide technological progress and continuing commercial advancements at the end of the 20th century catalyzed this process and led national and domestic markets to incorporate into a much larger and more integrated international economy. As a result, the differences between national and international markets have diminished to a significant extent in recent years, due to the globalization and integration of the modern economic order. To enhance global commercial integration, the development of an international merger control system will be not only beneficial, but also necessary. In this article we will review globalization and international cooperation in competition law. This article also addresses internationalization of competition law and different methods and approaches to internationalization and merger control