How could competition policy undo the wrongs of the past and make south africa a better place​

The competition policy and the wrongs of the past and make South Africa a better place due to the following reasons:

- Part of the new international orthodoxy in economic policy is the competition policy and at the same time was viewed in South Africa as a crucial element of economic transformation.

- This article reviews the experiences of developing countries such as Brazil South Korea and the role of competition policy in the economic development.

- After 1994 in South Africa it then assesses the effect of competition policy the main focus Bheem on the performance of new competition institution which was established in

1994.

- To assess the approach and impact of the institution in the concentrated sector the case of the Steel industry is used that head simultaneously undergoes processes of liberalisation and domestic consolidation.

- Through trade liberalization the opening up of the economy also seen increased concentration in many sectors

- With inefficient firms, closing down or being taking over land of closer focus by companies is the result of consolidation on their core activities.

- To support mergers and acquistions Economics -of- scale arguments have also been used in several sectors.

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answer; george herbert mead;