The emergence of regulatory capitalism in Africa

Klaaren, Jonathan

doi:10.1080/03085147.2021.1841934

Economy and Society

2021

DOI: 10.1080/03085147.2021.1841934

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The emergence of regulatory capitalism in Africa

Jonathan Klaaren

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Cited by 7 publications

(2 citation statements)

References 38 publications

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“… 62 See Klaaren ( 2021 ); Montmasson-Clair & Deonarain ( 2019 ). Research teams at CCRED, of the University of Johannesburg, South Africa, advance the idea of regional integration that includes regional value chains as a promising way to build African capabilities—especially in view of recent exclusions from global value chains in the wake of the coronavirus pandemic.…”

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Integrating Africa by Competition and Market Policy

Fox

2022

Rev Ind Organ

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Africa has the African Continental Free Trade Area (AfCFTA). The agreement will lower tariffs and facilitate internal market trade on the continent, and policy makers hope that it will help lift 30 million people out of poverty. A competition protocol is now in the process of negotiation and proposals have been made ranging from a full, detailed, technical competition law as in the West to a scaffolding of regional cooperation. For the competition element of AfCFTA, this article makes a bold suggestion: Africa needs a basic but deep competition protocol, which concentrates on the priorities “at the top”: It needs to rid the continent of insidious trade-and-competition restraints at member state borders that prevent African integration, which requires a joinder of trade-and-competition violations. And it needs a voice at the top to take a stand for the continent: for example against the mega-mergers that hurt Africa. Only with these three elements—clear basic rules, trade/competition restraint prohibitions, and a voice at the top—can Africa hope to realize the promise of Africa.

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Integrating Africa by Competition and Market Policy

Fox

2022

Rev Ind Organ

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“…and Shleifer (2003). For the formation of regulatory states in the South, see Levi-Faur and Jordana (2006), Dubash andMorgan (2012, 2013), Klaaren (2021), and the literature sparked by their work.…”

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From rule‐takerto rule‐promotingregulatory state: South Korea in the nearly‐globalcompetition regime

Cho

Büthe

2021

Regulation & Governance

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When rapid economic growth catapults a country within a few years from the margins of the global economy to middle power status, does global regulatory governance need to brace for a challenge to the status quo? To answer this question, we extend the power transition theory of global economic governance to middle powers: A rising middle power should be expected to challenge the international regulatory status quo only if increasing issue-specific strength of its regulatory state coincides with preferences that diverge from the preferences of the established powers, which are enshrined in the status quo. We examine this argument empirically, focusing on South Korea in the realm of competition law and policy. We find that South Korea, a non-participant in the international competition regime until the 1980s, developed in the 1990s substantial regulatory capacity and capability and thus "spoiler potential." At the same time, however, its policy preferences converged upon the norms and practices established by the United States and the European Union, albeit with some distinct elements. Under these conditions, we expect a transition from rule-taker to rule-promoter. We find that South Korea has indeed in recent years begun to actively promote well-established competition law and policy norms and practicessupplemented by its distinct elementsthrough technical assistance programs, as well as various bilateral channels and multilateral institutions. The findings suggest that the power transition theory of global economic governance is usefully applicable to middle powers, too.

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On the location choices of African multinational enterprises: Do supranational economic institutions matter?

2023

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The emergence of regulatory capitalism in Africa

Cited by 7 publications

References 38 publications

Integrating Africa by Competition and Market Policy

Integrating Africa by Competition and Market Policy

From rule‐takerto rule‐promotingregulatory state: South Korea in the nearly‐globalcompetition regime

On the location choices of African multinational enterprises: Do supranational economic institutions matter?

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