What are the Challenges in Implementing Competition Policies?
Implementing competition policies is not without challenges. Some of the common hurdles include:
Globalization: With businesses operating across borders, enforcing national competition laws becomes complex. Rapid Technological Changes: The fast pace of technological advancements can outstrip the ability of laws to keep up, leading to regulatory gaps. Resource Constraints: Regulatory bodies often face limited resources, making comprehensive enforcement difficult. Political Influence: Large corporations may exert political influence to shape policies in their favor.