Actions and Detail Panel
Perspectives on Competition Law & Policy, Competitiveness and Economic Deve...
Wed 22 February 2017, 13:00 – 14:00 GMT
A lunch time lecture organised by the UCL Centre for Law, Economics & Society
Perspectives on Competition Law & Policy, Competitiveness and Economic Development
R. Shyam Khemani
Former Advisor, Competition Policy & Business Environment
The World Bank Group, Washington DC, USA
In 1992, there were approximately 35 countries/jurisdictions with specific competition (antitrust) laws. By 2008, there were about 110, and currently about 140 that have competition legislation in place. What were the driving forces behind the growth in competition laws? Was there an increasing recognition of the merits of promoting and protecting competition? If so why did it take so long given that Canada and the US enacted competition law in 1889 and 1890 respectively? Was competition law part of the World Bank/IMF policy or loan conditionality? What has been the general experience in the implementation of these laws? Has it led to greater competition, competitiveness, investment, and growth? What are the impediments? And what lessons can be drawn?
The presentation will be based on the policy research and experience spanning nearly two decades as the principal advisor on competition policy in the World Bank Group.
About the speaker: Dr. R. SHYAM KHEMANI,PhD (LSE)
Special Advisor, Competition Policy, SKP Group
Dr. Khemani has extensive experience in both the private and public sectors. In addition to holding several senior positions at the World Bank Group, Washington DC, between 1992-2008, he was Advisor, Competition Policy and Business Environment, in the Financial & Private Sector Development Vice-Presidency working on competion, competitiveness and investment issues. During 2008-2014, he was Principal Economist at Microeconomics Consulting and Research Associates (MiCRA), Washington DC, dealing with complex economic litigation matters. Between 2000-2002 he resided in Paris, France, where he served as Director, Law & Economics Consulting Group (LECG) European operations and was involved in policy and case specific issues in different jurisdictions, including the European Union. Previously he worked with the Canadian Competition Bureau where he was the first Chief Economist and Director of Economics & International Affairs, and earlier, Adviser on merger policy. In these capacities he team-led the analysis of complex merger cases and other competition issues across a wide spectrum of industries and markets, and contributed to the barriers to entry and economic efficiency sections of the merger guidelines. He also contributed to the work of two Royal Commissions in Canada dealing with issues of industrial concentration, competition policy, competitiveness and economic growth, and has appeared as an expert before parliamentary committees and regulatory institutions.
He also served as an Advisor to the Chairman, Raghavan committee in regards to designing India’s new competition law and policy. In these various capacities he has advised governments and business in over two dozen industrial and developing countries on various competition, regulation, micro-industrial economics, and international trade issues.
Until 2016, Dr. Khemani was a member of the Advisory Board of the Bloomberg-Bureau of National Affair’s Antitrust and Trade Regulation Report. He continues to serve as advisor at the American Antitrust Institute (AAI) and CUTS-an NGO based in India, among others. He was co-Director in establishing the International Bar Association’s Global Forum on Competition, and has served on various working groups of the American Bar Association, the International Chambers of Commerce, and the International Competition Network. He has also served on the Faculty of Business Administration and Commerce at the University of British Columbia, and several other Canadian universities where he taught courses on competitive strategy, industrial organization-competition policy, and microeconomics. He has published monographs, articles in various journals (e.g., Journal of Industrial Economics, International Journal of Industrial Organization, Antitrust Bulletin, Applied Economics, Policy Options, etc.), and co-edited books on competition policy. He holds a PhD from the London School of Economics (LSE), U.K., an M.A. from McGill University, Montreal, Canada and BA (Honours) in Economics & Political Science from Fergusson College, Pune, India.