Article: Addressing cartels in emerging markets: a critical analysis of legal implications and policy reforms Journal: International Journal of Business Process Integration and Management (IJBPIM) 2025 Vol.12 No.1 pp.89 - 104 Abstract: This study critically examines cartels and their legal ramifications within emerging markets. Employing a systematic literature review (SLR) methodology, we utilised the TCCM protocol to synthesise literature and conduct bibliometric keyword analysis. The study primarily focuses on the Competition Act, 2002, evaluating its efficacy in addressing deficiencies of the MRTP Act, 1969, and identifying gaps in the new legislation. Findings from selected papers are presented, along with proposed suggestions derived from each, offering insights into practical measures to mitigate the negative impact of cartels. Notably, the SLR contributes by evaluating the results of each paper, identifying gaps, and also highlighting practical deficiencies in the present research. It proposes solutions to address various hurdles associated with different types of cartels and enhance the understanding of regulatory challenges in emerging markets. This study provides valuable insights for policymakers and researchers navigating complexities in cartel governance, contributing to the ongoing discourse. Inderscience Publishers - linking academia, business and industry through research

Title: Addressing cartels in emerging markets: a critical analysis of legal implications and policy reforms

Authors: Snigdha Sarkar; Bikash Kumar Rup; Manabhanjan Sahu

Addresses: Faculty of Management Studies, Marwadi University, Rajkot – 360003, India ' Faculty of Management Studies, Marwadi University, Rajkot – 360003, India ' School of Pharmacy and Technology Management, SVKM's Narsee Monjee Institute of Management Studies, Hyderabad – 509301, India

Abstract: This study critically examines cartels and their legal ramifications within emerging markets. Employing a systematic literature review (SLR) methodology, we utilised the TCCM protocol to synthesise literature and conduct bibliometric keyword analysis. The study primarily focuses on the Competition Act, 2002, evaluating its efficacy in addressing deficiencies of the MRTP Act, 1969, and identifying gaps in the new legislation. Findings from selected papers are presented, along with proposed suggestions derived from each, offering insights into practical measures to mitigate the negative impact of cartels. Notably, the SLR contributes by evaluating the results of each paper, identifying gaps, and also highlighting practical deficiencies in the present research. It proposes solutions to address various hurdles associated with different types of cartels and enhance the understanding of regulatory challenges in emerging markets. This study provides valuable insights for policymakers and researchers navigating complexities in cartel governance, contributing to the ongoing discourse.

Keywords: cartels; legal ramifications; emerging markets; systematic literature review; SLR; TCCM protocol; bibliometric keyword analysis; Competition Act, 2002; MRTP Act, 1969.

DOI: 10.1504/IJBPIM.2025.144071

International Journal of Business Process Integration and Management, 2025 Vol.12 No.1, pp.89 - 104

Received: 28 Jun 2024
Accepted: 15 Oct 2024
Published online: 23 Jan 2025 *

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Title: Addressing cartels in emerging markets: a critical analysis of legal implications and policy reforms

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