Book Review of Fox and Bakhoum, Markets, Development, and Competition Law in Sub-Sub-Saharan Africa
The book provides illuminating insights on the contrasting historical and economic imperatives that drove the development of competition law and policy in the US, post World War II Europe and in selected countries on the African continent. The authors explain that in the US, the development of antitrust law was a response to the industrial revolution and in its wake, large enterprises. For almost a century, the US courts, interpreted antitrust law “to protect the weak from the strong.” There was a significant shift in US antitrust law under the Reagan administration “away from economic democracy and towards efficiency” as the US focused on global competitiveness and economic power.