What is the meaning of potential harmonization, Business Law and Ethics

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What is the meaning of potential harmonization

On reviewing the literature on coordination, convergence, and potential harmonization of antitrust laws, we discover several different theories about the optimal structure of the international antitrust system and several different models of how agencies should coordinate their investigations in a world where business conduct has effects in many countries. These theories borrow from other disciplines, most notably political science, and look to other areas of law for comparison and insight. Perhaps the most abstract version of an international antitrust framework is the view that agencies should converge toward centralized international regulation. The focus of this perspective is uniformity of results and harmonization of law. Under this theory, the model for agency coordination is ultimately to cede decision making authority on cases or specific enforcement policies with multilateral effects to a global authority. There are still many discrepancies between agencies on antitrust enforcement principles, and for that that only a forced path to uniformity would result in enforcement at the level of the lowest common denominator.

 


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