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In 2000, the EU controversially blocked a merger between two American firms, GE and Honeywell; the deal had already been approved by America's antitrust regulators. The controversy highlighted an important issue. As globalization increases, the relevant market for judging whether market power exists or is being abused will increasingly cover far more territory than any one single economy. Indeed, there may be a need to establish a global antitrust watchdog, perhaps under the auspices of the world trade organization.
In 2000, the EU controversially blocked a merger between two American firms, GE and Honeywell; the deal had already been approved by America's antitrust regulators. The controversy highlighted an important issue. As globalization increases, the relevant market for judging whether market power exists or is being abused will increasingly cover far more territory than any one single economy. Indeed, there may be a need to establish a global antitrust watchdog, perhaps under the auspices of the world trade organization.
==Bibliography==
===United States===
* Areeda, Phillip and Louis Kaplow. ''Antitrust Analysis: Problems, Texts, Cases'' (1997)
* Freyer, Tony. ''Regulating Big Business: Antitrust in Great Britain and America, 1880-1990'' (1992)
* Hofstadter, Richard. ''The Paranoid Style in American Politics and Other Essays'' (1965), essay on history of antitrust ideas
* Kaysen, Carl, and Donald F. Turner. ''Antitrust Policy an Economic and Legal Analysis'' (1971) [http://www.questia.com/PM.qst?a=o&d=57147719 online edition]
* Letwin, William. ''Law and Economic Policy in America: The Evolution of the Sherman Antitrust Act'' (1965)
* Peritz, Rudolph J. R. "Three Visions of Managed Competition, 1920-1950," ''Antitrust Bulletin'', Spring 1994 39 #1 273-287.
* Stelzer, Irwin M. ''Selected Antitrust Cases: Landmark Decisions in Federal Antitrust'' (1961) [http://www.questia.com/PM.qst?a=o&d=58185094 online edition]
* Thorelli, Hans. ''The Federeal Antitrust Policy'' (1954)
===Europe===
* Chapman, Dudley H., and Barry E. Hawk. ''Molting Time for Antitrust: Market Realities, Economic Fallacies, and European Innovations'' (1991) [http://www.questia.com/PM.qst?a=o&d=14223168 online edition]
* Jones, Clifford A. ''Private Enforcement of Antitrust Law in the EU, UK, and USA'' (1999) [http://www.questia.com/PM.qst?a=o&d=37110894 online edition]
* Sauter, Wolf. ''Competition Law and Industrial Policy in the EU'' (1997) 262 pgs. [http://www.questia.com/PM.qst?=o&d=49495544 online edition]
[[Category:United States Law]]
[[Category:United States Law]]
[[Category:Business]]