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

Abstract

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

Kitzmuller, Markus and Licetti, Martha, Competition Policy: Encouraging Thriving Markets for Development (September 30, 2013). ViewPoint Public Policy for the Private Sector Series, No 331, Finance and Private Sector Development Vice Presidency, The World Bank Group, 2013. Available at SSRN: https://ssrn.com/abstract=2310917

Markus Kitzmuller

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Martha Licetti (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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