|
The International Roundtable on Trade and Competition Policy, Inc. (the “Roundtable”), a not‑for‑profit foundation established in 1997 is dedicated to ensuring a better understanding of trade and competition issues by governments around the world.
The Roundtable believes that wealth is created, and people lifted out of poverty when trade is liberalized, markets are competitive and property rights (in all their forms) are protected. We believe this is the triangle of economic development. If one of these elements is missing, economic development is thwarted.
The Roundtable focuses on the interplay between competition, trade and domestic regulation, and it advances the notion of consumer welfare enhancement as being the ultimate objective of trade and competition policies. It places a premium on innovation and efficiency while being skeptical of producer welfare concerns.
Ultimately, the Roundtable submits that free trade will ensure that global consumers can benefit from the working out of the basic law of comparative advantage, thereby guaranteeing the proper allocation of resources and allocation of wealth. This expresses one single, primordial principle - competition policy as an organizing economic and governance principle.
Shanker A. Singham, Chairman
International Roundtable for Trade and Competition Policy, Inc.
|
|
