The UNCTAD model law on competition: Historical perspective and way forward

This article traces the history of why and how work on the Model Law was started by UNCTAD in the 1970s, the directions this work took, and the evolution in the UNCTAD Model Law on Competition (Model Law)’s nature and approach. An account is provided of the discussions regarding the inclusion of a development criterion in specifying the objectives or purposes of a competition law, and how this issue was resolved and agreement reached regarding the Model Law. The subsequent changes made to the Model Law’s format and content are described. The Model Law’s relevance in light of current trends towards consideration of broad public policy objectives in the application of competition law and policy context is explained, and suggestions are made regarding how to enhance the Model Law’s usefulness to developing countries in determining how to shape their competition regimes in this connection.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Reduced Inequalities