Competition Law And Infrastructure Industries

The absence of an effective competition law regime may create considerable difficulties for "infrastructure industries", industries that generally operate on the basis of a physical infrastructure, such as a network (Newbery 2000). These industries, which include telecommunications networks and services, energy and gas, rail and air transport, and water, are fundamental for economic development, as they provide key inputs to other sectors of the economy. Recent studies (Müller-Jentsch 2001 and 2002b) identified the poor performance of these industries in the MPs as one of the factors delaying economic development and argued that the main factor explaining the poor performance of these industries in the MPs relates to the lack of a competitive market structure. Introducing competition in the telecommunications, energy and transport sectors could substantially contribute to economic development in the MPs. As the economies of the MPs have largely remained stagnant and failed to fully integrat...

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