Antitrust Policy Versus Economic Power

The gradual economic integration of Western Europe is bringing about far- reaching changes in the countries taking part in the venture. One of the features of this process - and a prominent feature - is making itself felt in the field of industrial organization through a profound change in the structure of a large number of markets. In taking advantage of the larger market created by the elimination of national frontiers as barriers to trade, large firms playa leading role - firms from within the European Community and from outside. The merger device has been a major vehicle of expansion, and in several sectors of manufacturing industry this has already led to an in- crease in the relative importance of a few firms. Over the years, public opinion has become increasingly aware of the con- centration of industrial power and of itG attendant problems. Merger law and control of the operations of la: e corporations are current topics of discussion. More especially, merger statutes have recently been enacted in Britain and Germany, and the matter is coming to be one of the chief pre- occupations of the European Commission.

• | Author: J. W. Aarts
• | Publisher: Springer
• | Publication Date: Jul 31, 1975
• | Number of Pages: 442 pages
• | Binding: Paperback or Softback
• | ISBN-10: 9020704737
• | ISBN-13: 9789020704730