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- W2525376502 abstract "Developing countries have enough obstacles to overcome, disadvantages of geography, climate, access to finance, lack of resources, poor infrastructure, without the additional burden of markets that do not function well. But all too often in these countries, key markets do not yield innovative, low-cost solutions for consumers and businesses due to lack of effective competition. Despite significant progress by developing countries in improving their investment climates, many markets remain subject to entry barriers and anticompetitive behavior by a few dominant players. A World Bank Group Survey found that in high-income countries only 8 percent of key markets were dominated by a single firm; in Africa and the Middle East, between 25 and 31 percent of key markets were dominated by a single firm. Intense competition in domestic markets is a key ingredient to a country’s performance in trade and competitiveness. A country’s steel companies or agribusiness enterprises that vie in a vibrant, competitive environment that rewards innovation, efficiency, and productivity will be much more likely to be competitive in the international marketplace in those sectors. Firms typically buy their inputs, such as energy, transport, financial services, and agricultural inputs, from domestic suppliers. When firms in these upstream markets do not have the right incentives to provide high quality at competitive prices, the cost of supplies goes up and the competitiveness of the firms in the international marketplace declines, affecting the performance of global value chains. Among 82 manufacturing industries in seven countries, relatively higher domestic market concentration is associated with a smaller domestic share in world output and fewer net exporters." @default.
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- W2525376502 date "2014-01-01" @default.
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- W2525376502 title "The competition policy advocacy awards" @default.
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