Question

global economy. What are some of the new rules of competition? (In context of today's world-post COVID-19).

Answer 1

Due to covid-19 , international trade will suffer a sharp drop .most of the countries have faced the massive lockdown and due to this trade activities is affected badly.many of the workers lost their job . companies faced lack of money due to temporarily shutdown activities.hence now there has been some relaxation in competitive policy.

Competition authority have begun to relax the enforcement of some competition rules.some countries stated that it had no intention of taking competition enforcement action against cooperation between business to the extent necessary to protect the consumer or ensure supplies.

Government will priorities the recovery of local market even if that implies embracing extreme protectionism which in turn will reduce foreign competition.cartel should be punished .