Competition law and competition policy : what does Egypt really need?

الملخص EN

There is proliferation in the number of developing countries worldwide adopting a competition law.

The evidence available indicates that they face severe problems in implementing competition laws.

This paper addresses the question of whether Egypt is in need of adopting a competition law.

The paper differentiates between the competition policy and the competition law.

Adopting a new institutional economics approach, the paper concludes that Egypt is in definite need of a competition policy.

However, when it comes to a competition law, given the absence of incentives among the major stakeholders for implementing such a law and given the weak institutional infrastructure that Egypt currently has, emphasizing the need for having a competition law at this current stage is oversold.