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Competition policy and promotion of investment, economic growth and poverty alleviation in least developed countries (English)

This paper aims to answer the persistent challenge that faces the governments of least-developed countries as well as policy advisors at the Bretton Woods Institutions, the United Nations, and aid agencies: how to foster sustainable broad-based economic growth, development, and poverty reduction. To elaborate on the answer the paper presents its discussion with an introduction followed by: Section II discusses the implications of high product market and ownership concentration, governance, and institutional characteristics frequently observed in developing countries that have an impact on competition. Section III presents empirical information on the pro-growth and pro-poor benefits that arise from increased competition. Section IV discusses constraints that business faces in operating in developing countries. Section V describes the nature and type of alleged anticompetitive business practices encountered in developing countries, and Section VI concludes the discussion and offers some recommendations that the World Bank Group, in partnership with other international organizations and donors, could consider in strengthening and promoting effective competition policy in recipient countries.

Details

  • Author

    Khemani, R.S.

  • Document Date

    2007/01/01

  • Document Type

    Working Paper (Numbered Series)

  • Report Number

    41334

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2010/07/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Competition policy and promotion of investment, economic growth and poverty alleviation in least developed countries

  • Keywords

    small and medium size enterprise;Competition Law;benefits of competition;application of competition law;high levels of concentration;legal and regulatory framework;adoption of competition laws;barrier to entry;intensity of competition;effective competition;foreign direct investment;trade and investment;business practice;emerging market economy;rate of growth;Regulatory Impact Analysis;local market;barrier to competition;per capita income;scale production;scale of production;Merger and Acquisitions;access to capital;restrictive business practices;market for good;financial market;Check and Balances;local market condition;concentration of wealth;private sector market;corporate governance regime;underdeveloped capital market;increased import competition;volume of trade;segments of society;stock market capitalization;access to finance;impact on competition;external competitive pressures;process competition;state of competition;government economic policies;commercial bank loan;corruption in government;private sector business;Promoting Private Sector;lack of capital;reduction in tariffs;Public Sector Enterprises;demand for good;competitive financial market;primary school education;promotion of competition;market for credit;senior government official;advanced industrial country;Sustainable Economic Development;moral hazard behavior;access to bank;response to complaints;opportunities for corruption;costs of regulation;development of nations;growth and development;government and business;competitive domestic markets;extent of competition;degree of competition;ownership concentration;product market;Market Dominance;investment climate;competitive market;interest group;international cartels;anticompetitive practices;increased competition;automobile industry;competition authority;vested interests;political influence;business environment;promoting competition;competitiveness index;automotive sector;public policy;domestic economy;domestic product;tariff reduction;economic reform;political support;large incumbent;interlocking directorates;economic deregulation;independent media;business infrastructure;competition policy;competition commission;market competition;Industrial Policies;international market;Industrial Policy;consumer welfare;explanatory factors;excess profit;transaction cost;lowering barrier;resource constraint;tariff protection;ordinary citizens;empirical study;foreign ownership;corporate control;extended family;competition legislation;industrial sector;productivity level;selection bias;domestic bank;domestic content;shareholder value;competitive price;increase productivity;automobile manufacturer;market size;International Trade;car industry;industrial composition;advanced country;automobile sale;sectoral liberalization;minimum capital;competitive product;price range;bank failure;institutional design;competitive condition;consumer association;minority shareholder;external financier;security market;productivity benefit;financial turmoil;perishable good;corporate distress;domestic airline;software industry;software industrial;debt capital;business conglomerate;antimonopoly law;positive relationship;high entry;market leadership;class company;output level;competition competition;ownership requirement;severely limits;personal freedom;Antitrust Law;research assistance;business executive;industrial upgrading;liberalized trade;firm turnover;regional distribution;high correlation;living standard;employment security;food distribution;productivity increase;increased investment;productivity gain;export market;employment intensity;high transportation;global development;regulatory agenda;informed opinion;automotive part;food grain;food additive;competition regime;healthy competition;privileged position;regulatory impediment;applicable law;subsidiary right;open market;freight transportation;productive use;industrial asset;adequate information;home market;food product;local transportation;concentration levels;private courier;financial service

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Citation

Khemani, R.S.

Competition policy and promotion of investment, economic growth and poverty alleviation in least developed countries (English). Foreign Investment Advisory Service (FIAS) occasional paper ; no. FIAS 19 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/397801468174885108/Competition-policy-and-promotion-of-investment-economic-growth-and-poverty-alleviation-in-least-developed-countries