How could competition policy undo the wrongs of the past and make south africa a better place​

The competition policy and the wrongs of the past and make South Africa a better place due to the following reasons:

- Part of the new international orthodoxy in economic policy is the competition policy and at the same time was viewed in South Africa as a crucial element of economic transformation.

- This article reviews the experiences of developing countries such as Brazil South Korea and the role of competition policy in the economic development.

- After 1994 in South Africa it then assesses the effect of competition policy the main focus Bheem on the performance of new competition institution which was established in

1994.

- To assess the approach and impact of the institution in the concentrated sector the case of the Steel industry is used that head simultaneously undergoes processes of liberalisation and domestic consolidation.

- Through trade liberalization the opening up of the economy also seen increased concentration in many sectors

- With inefficient firms, closing down or being taking over land of closer focus by companies is the result of consolidation on their core activities.

- To support mergers and acquistions Economics -of- scale arguments have also been used in several sectors.

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explanation:

the secretary of state, appointed by the president with the advice and consent of the senate, is the president's chief foreign affairs adviser. the secretary carries out the president's foreign policies through the state department and the foreign service of the united states.