Restrictive Trade Practices Act 19681

The Free Trade Magic Act

In a recent paper, three economists — Drusilla Brown, Alan Deardoff, and Robert Stern — attempt to calculate the benefits of trade liberalization. They estimate that complete elimination of all trade barriers in the world would add $1.9 trillion (about 5%) to the world's gross economic product by 2005 (Brown, Deardoff, and Stern 2001). Brown-Deardoff-Stern's numbers look convincing, leaving the...

The Impact of Section 51ac of the Trade Practices Act 1974 (cth) on Commercial Certainty

[Section 51AC of the Trade Practices Act 1974 (Cth) was introduced in 1998 to protect small business from unconscionable conduct. This initiative was taken following a number of government reports that highlighted the exploitation some small businesses suffer at the hands of larger businesses. This article argues that legislative intervention in this context is justified and that the mechanism ...

Curbing Corporate Collusion in Australia: the Role of Section 45a of the Trade Practices Act

[When s 45A was added to the Trade Practices Act 1974 (Cth) in 1977, price-fixing became illegal per se. Since then a large number of cases have been brought successfully, with much higher pecuniary penalties being ordered in recent times. Following the recommendations of the Dawson Committee, new legislation is likely to be passed in 2005 that recognises the need for even higher pecuniary pena...

Texas Supreme Court Denies Homeowners' Implied Warranty and Unconscionabiltiy Claims Under State's Deceptive Trade Practices-Consumer Protection Act

Trade Growth under the African Growth and Opportunity Act∗

This paper explores whether one of the most important U.S. policies towards Africa of the past few decades achieved its desired result. In 2000, the United States dropped trade restrictions on a broad list of products through the African Growth and Opportunity Act (AGOA). Since the Act was applied unilaterally and selectively to both countries and products, we estimate the impact with a triple ...