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Books > Business & Economics > Economics > International economics > International trade
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A step ahead - competition policy for shared prosperity and inclusive growth (Paperback)
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A step ahead - competition policy for shared prosperity and inclusive growth (Paperback)
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Sustainable economic development has played a major role in the
decline of global poverty in the last 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
and recommendations for pro-competitive sectoral policies. This
book 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 Organisation for Economic Co-operation and Development (OECD).
The first half 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 on employment. In its second
half, the book focuses on the distributional effects of competition
policies and how enforcement can be better aligned with shared
prosperity goals.
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