Anti-collusion regulations in action in China

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Anti-collusion regulations in action in China

qualcomm

The Economic Times (The Times of India): Qualcomm to pay $975 million fine over Chinese anti-monopoly claim

Article published: Feb 10, 2015 – out of date: no longer suitable for your IB Economics commentary

IB Economics syllabus: Microeconomics HL (monopoly power, collusion), International Economics (protectionism)

China has stepped up against large firms violating anti-collusion laws. This time, Qualcomm is to pay $975 million fine as allegedly, it  colluded with another firm and together they “abused their dominant market position by charging excessive fees.”

At the same time, many think that these kinds of fines (which usually penalize foreign firms) are a form of protectionism by the Chinese Govt’. Indeed, it charges domestic companies less frequently.

A good article to use for either collusion (and anti-monopoly regulation) or for (non-official form of) protectionism.

Source of image: Technobuffalo.com

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By | 2017-08-23T11:16:14+00:00 March 24th, 2015|International Economics, Micro|Comments Off on Anti-collusion regulations in action in China

About the Author:

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 6 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.

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