Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 63 , 28 December 2023
Open
Access | Article
An Analysis of the Roles of the Anti-monopoly Law in Sustainable Economic Development
* Author to whom correspondence should be addressed.
Abstract
Laws can have a certain impact on economic development, especially anti-monopoly laws. The reason to study this important social issue is because it is crucial to China's national situation. In many industries in China, especially the Internet, technology, and finance, the market tends to be highly concentrated. This not only threatens small and medium-sized enterprises but may also be detrimental to consumers. The lack of effective anti-monopoly supervision may lead to social inequality and a widening gap between the rich and the poor, which is contrary to the goals of China's socialist modernization drive. Therefore, the anti-monopoly law has special and important significance in China and needs further study and improvement. The theme of this paper is to analyze the role of the anti-monopoly law in sustainable economic development. Research methods include case analysis and literature research. The result shows that the importance of anti-monopoly law is mainly reflected in preventing abuse of market position and regulating that market players cannot abuse their market position to engage in unfair competition. At the same time, it can also realize the effective allocation of resources, which can ensure that the market can improve overall social welfare in an environment of sufficient competition.
Keywords
Anti-monopoly, Monopoly, Digital Platform, Alibaba Group, Pinduoduo
References
1. Chee, T. T. (2013). RULE OF LAW IN CHINA — LEGISLATION REASONING AND ENFORCEMENT OF ANTI-MONOPOLY LAW IN CHINA AND THE WEST. Frontiers of Law in China, 8(4), 689-767. doi:https://doi.org/10.3868/s050-002-013-0025-8
2. Owen, B. M., Sun, S., & Zheng, W. (2008). China’s Competition Policy Reforms: The Anti-Monopoly Law and Beyond’, Antitrust Law Journal, 75, 231.
3. Jagtap, A., Biswas, A. and Blaney, J. (2021). The antitrust legacy of Standard Oil in today’s world, TWA. Available at: https://jpt.spe.org/twa/the-antitrust-legacy-of-standard-oil-in-todays-world.
4. Hines, K. (2023). Google’s antitrust showdown: 17 states involved in DOJ lawsuit, Search Engine Journal. Available at: https://www.searchenginejournal.com/doj-antitrust-lawsuit-against-google/485023/#close =.
5. Rivero, N. (2020). The acquisitions that made Google A Search Monopoly, Quartz. Available at: https://qz.com/1920334/the-acquisitions-that-built-googles-monopoly-on-search .
6. Lai, K. (2021, April 6). China's New Anti-Monopoly Rules for Tech Companies. International Financial Law Review.
7. Mozur, P., & Hardy, Q. (2015, February 9). China Hits Qualcomm With Fine. New York Times.
8. Fu, L. (2018). Private Enterprise Development in a One-Party Autocratic State: The Case of Alibaba Group in China's E-Commerce . Issues & Studies, 1-33. https://doi.org/10.1142/S1013251118500017
9. Zhong, R. (2021, April 9). China Fines Alibaba $2.8 Billion in Landmark Antitrust Case. New York Times.
10. Thomas, R. (2021, March 12). China Market Regulator Fines 12 Firms for Violating Anti-Monopoly Law. Reuters.
11. China Antitrust Review 2022. (2023). Davis Polk. Available at: https://www.davispolk.com/insights/client-update/china-antitrust-review-2022.
12. Ritchie, J.N.& 2022. A. and Staff in the Bureau of Competition & Office of Technology Dealings with competitors, Federal Trade Commission.
13. Leigh, A., & Triggs, A. (2016 ). Markets, Monopolies and Moguls: The Relationship between Inequality and Competition: Markets, Monopolies and Moguls. Australian Economic Review, 49(4):389-412. http://dx.doi.org/10.1111/1467-8462.12185
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-227-5
- ISBN (Online)
- 978-1-83558-228-2
- Published Date
- 28 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/63/20231368
- Copyright
- 28 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited