Impact Assessment

Competition Policy. Encouraging thriving markets for development, The World Bank Group, 2012

    Description
    This Viewpoint Note summarises and reviews existing literature on the economic outcomes and impacts of competition policy reforms and enforcement.

    Summary of results
    The 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 anticompetitive 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.