Just three decades ago, billions of people around the world were stuck in a trap. Faced with low incomes on the one hand and exploitative loan sharks the other, they could neither save for the future nor purchase the capital required to generate a living. This changed with the pioneering work of Mohammad Yunus in Bangladesh, and with the establishment of the Grameen Bank in 1983, microfinance was born.
The Australian Competition and Consumer Commission is the chief competition regulator of the Government of Australia. Its recent changes urge Australian law to consider the long-term danger to markets posed by mergers that suppress potential competition. Join Max as he unpacks what these changes mean for Australia’s merger control regime.