Cartel agreements in industry and their impact on the international business development
Abstract
The article considers the goals for creating the international cartels, cartel agreements and the reasons for restraining their activities on the part of States. It describes the damage that can be caused by cartels to the end products (services) user, as a rule, unaware of the existence of the price collusion between the parties to cartel agreements regarding the production, sale and after-sales service of such products. A brief history of the international cartels creation and functioning and law enforcement practices restricting their activities is presented. At the same time, the authors draw on the experience of the USA and EU member states, where the vast majority of major industrial multinational corporations are registered, which, due to their size, are more inclined to conclude cartel agreements and monopolize the market in comparison with other participants. It shows the forms and particular provisions of the cartel agreements of enterprises in the various industries and activity spheres, possible schemes and ways of suppressing fraudulent actions of participants in cartel agreements, as well as the communication types and exchange of the trade, industrial and financial information of the cartel members, including the use of intermediaries.
Examples of the actual cartel collusion cases and their consequences are given. Conclusions are drawn about situations where cartels are useful for the production and international trade development and, as a result, can be temporarily countenanced.
About the Authors
E. V. Zenkina
Russian State University for the Humanities
Russian Federation
Russian Federation
Elena V. Zenkina, Dr. of Sci. (Economics), associate professor
bld. 6, Miusskaya Square, Moscow, Russia, 125993
V. M. Tumin
Moscow Polytechnic University
Russian Federation
Russian Federation
Valery M. Tumin, Dr. of Sci. (Economics), professor
22, Pavel Korchagin Street, Moscow, Russia, 129626
P. A. Kostromin
Russian State University for the Humanities
Russian Federation
Russian Federation
Petr A. Kostromin, Cand. of Sci. (Economics)
bld. 6, Miusskaya Square, Moscow, Russia, 125993
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Review
For citations:
Zenkina E.V., Tumin V.M., Kostromin P.A. Cartel agreements in industry and their impact on the international business development. Science and art of management. 2021;(1):81-91.
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