While it is too early to tell what will happen in China's search market, if the moves last week were officially sanctioned measures to "harmonize" the market, there could be some moves in the pipeline to curb Baidu's dominance and provide a boost to the new players.
But the big question, experts say, is whether the body will be paralyzed by political self-interest or emerge as a forceful, independent voice that brings into being a harmonized single telecommunications market.
But overall, said Coadec, the benefits of access to the single market, harmonized regulations and free movement of labour, outweighed the costs.
Innovation, to put it another way, harmonizes closely with market acceptance and impact.
But the markets are not harmonized, and the cost of doing business can be difficult to predict.
Indeed, in a world where our demand for Chinese-made sneakers produces pollution that melts South America's glaciers, in a world where Greek tax-evasion can weaken the euro, threaten the stability of Spanish banks and tank the Dow, our values and ethical systems eventually have to be harmonized as much as our markets.
They also analyzed the projects conducted by the European electricity agencies in order to harmonize the wholesale markets in the continent.
Europe's wind markets are far from harmonized, with major differences in regulation, competition, and demand for wind power.
The legislation is a cornerstone of the European Union's Financial Services Action Plan (FSAP), which is designed to help integrate Europe's financial markets and harmonize certain conditions governing the operation of regulated markets.
"Rules governing the sale and marketing of wine in the E.U. are harmonized across all member states," the Food Standards Agency, which oversees wine rules, said in a statement.
