Understanding and Regulating the Market at a Time of Globalization

How does a market globalize? How do antitrust and trade policies speed up or slow down the process? How do firms take part in it? This appraisal of the phenomenon is based on a study of the cement industry. Considered as a model of spatial competition in economic textbooks and inherently local, the industry globalized in the 1980s. This extreme case highlights the fundamental characteristics of globalization.