Competition Policy: Encouraging Thriving Markets for Development
ViewPoint Public Policy for the Private Sector Series, No 331, Finance and Private Sector Development Vice Presidency, The World Bank Group, 2013
8 Pages Posted: 17 Aug 2013
Date Written: September 30, 2013
A literature review shows that competition policy reforms allow markets to work more efficiently for the benefit of consumers and drive sustainable economic growth. Three main insights emerge: Greater market competition matters for achieving greater innovation, productivity, and economic growth. Policies that help open markets and remove anti-competitive regulations can promote competition, resulting in lower prices and better deals for consumers and firms. And effective enforcement of competition rules across sectors - rather than the pure existence of competition laws - makes a difference in the impact of competition policies.
Keywords: competition policy, antitrust, impact, product market regulation, anticompetitive regulations, competition enforcement
JEL Classification: K2, L1, L4, L5
Suggested Citation: Suggested Citation