Competition

A Step Ahead: Competition Policy for Shared Prosperity and Inclusive Growth

 

Date of publication
June 2017

 

Sustainable economic development has played a major role in the decline of global poverty in the past two decades. There is no doubt that competitive markets are key drivers of economic growth and productivity. They are also valuable channels for consumer welfare. Competition policy is a powerful tool for complementing efforts to alleviate poverty and bring about shared prosperity. An effective competition policy involves measures that enable contestability and firm entry and rivalry, while ensuring the enforcement of antitrust laws and state aid control. Governments from emerging and developing economies are increasingly requesting pragmatic solutions for effective competition policy implementation, as well as recommendations for pro-competitive sectoral policies.

A Step Ahead: Competition Policy for Shared Prosperity and Inclusive Growth puts forward a research agenda that advocates the importance of market competition, effective market regulation, and competition policies for achieving inclusive growth and shared prosperity in emerging and developing economies. It is the result of a global partnership and shared commitment between the World Bank Group and the OECD.

  • Part I of the book brings together existing empirical evidence on the benefits of competition for household welfare. It covers the elimination of anticompetitive practices and regulations that restrict competition in key markets and highlights the effects of competition on small producers and employment.
  • Part II of the book focuses on the distributional effects of competition policies and how enforcement can be better aligned with shared prosperity goals.

 

See also

OECD-World Bank Conference on Competition Policy in Developing Countries: Helping Markets Perform Better, Washington DC, 15 April 2016

Keynote speech by Angel Gurría

Inequality: A hidden cost of market power, 2017

OECD work on competition policy

Competition policy roundtables

 

 

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