Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

Saturday, May 19, 2007

World Bank/Financial Times $20,000 Essay Competition on Private Sector Development

Posted by D. Daniel Sokol

The International Finance Corporation of the World Bank and the Financial Times are holding their second annual essay competition. The theme for this year's competition is "Private Sector Development: Creating Markets, Transforming Lives."   In previous work, I have argued that antitrust is a policy tool to promote the theme of this year's essay.   

There will be six awards in this year's competition:

Gold Award US$20,000
2 Silver Awards, each US$10,000
3 Bronze Awards, each US$5,000

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congratulations for advertising this competition. Indeed i feel strongly anti-trust rules are part of economic development. As a history student at the Sorbonne in the late 80s i was made aware of the importance of medieaval italien city regulation of the cartels starting to form among powerful merchant houses. As a communication officer for the World Bank promoting market economics, i was aware of the huge importance of antitrust law in the US, and the mistaken assumption that this is a "natural" in most developing economies. It is not, and the examplary functioning of the market economy in the US has a lot to do with its political and social rules. If this model is to be spread, one should begin with basic rules governing individual freedom and corporations, including competition and anti-trust rules.

Posted by: Ray | Jun 8, 2007 3:49:24 AM

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