Proliferation of Merger Control Laws

The economic liberalization and technological change of the last 10 to 15 years have profoundly altered the global economy. With economic liberalization, nations have come to recognize the importance of competition “as a tool for spurring innovation, economic growth, and the economic well-being of countries around the world” and the importance of antitrust laws to safeguard competition in market economies. To sustain the needs of an expanding global market, companies must expand globally as well. Companies wanting to maximize the potential of an international market must take advantage of transnational synergies by merging with other companies in other areas of the world. The merger game hasn't changed, only the playing field has gotten larger. The article explains the concept of merger control and chalks out the benefits of merger regulations. At the same time it also explains the effects of proliferating merger control laws on the companies going under the merger process and troubles faced by them. In the end the probable solutions to the problem of proliferation are discussed.