Open AccessEuropean Union competition policy
Author(s) -
Margrethe Vestager
Publication year - 2018
Publication title -
información comercial española/información comercial español/información comercial española
Language(s) - English
Resource type - Journals
eISSN - 2340-8782
pISSN - 0019-977X
DOI - 10.32796/ice.2018.905.6721
Subject(s) - competition policy , enforcement , competition (biology) , european union , domestic market , single market , consumer welfare , investment (military) , flexibility (engineering) , economics , international economics , productivity , business , international trade , european commission , welfare , market share , market economy , finance , political science , economic growth , politics , ecology , management , law , biology
The fundamental provisions of EU competition policy have remained virtually intact for sixty years, attesting to their flexibility and continued relevance. Their enforcement in particular focused on protecting the internal market and —in the case of antitrust and mergers— consumer welfare. They have also served the EU’s wider policy goals; for example, they directly support several of the current Commission’s top priorities such as jobs, growth and investment and the single market (including the digital single market and the energy union). Increasingly, research demonstrates the macroeconomic benefits of competition policy, such as productivity, growth, employment and inequality reduction.