Antitrust & Competition Policy Blog

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

A Member of the Law Professor Blogs Network

Friday, October 4, 2013

Competition Policy: Encouraging Thriving Markets for Development

Markus Kitzmuller, World Bank and Martha Martinez Licetti, World Bank describe Competition Policy: Encouraging Thriving Markets for Development.

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.

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