Cartelization, Antitrust and Globalization in the Us and Europe

This book provides a comprehensive examination of the history of cartels in the U.S. and Europe, evaluating how economic forces, particularly globalization, have altered the structure of collusion. LeClair traces its evolution from an intra-national problem confined to a few industries to a global issue that has affected billions of dollars in international trade. The second major theme of the book is the development of significant new antitrust tools (e.g. Leniency Policy) to fight collusion.Both these economic and anti-trust pressures have altered how cartel participants "manage" their enterprises. In addition, as price-fixing has now become a global problem, the book addresses the attempts of anti-trust authorities to internationalize enforcement and as the author argues, this is a process that will require significant compromises on the part of all industrialized nations.