Competition and Development: The Power of Competitive Markets

Competition and Development: The Power of Competitive Markets

Competition and Development: The Power of Competitive Markets

Competition and Development: The Power of Competitive Markets

Excerpt

This book is an introduction to competition and the laws and policies affecting competition in developing-country markets. Its focus is on the practical problems these countries face and the steps they have taken and can take to overcome them.

The last few decades have seen huge changes in the way developing countries manage their economies. Most governments have moved away from central planning toward supporting a market economy and allowing the growth of local, privately owned businesses. National economies have become more reliant on the capabilities of individual firms making their own decisions about the production of goods and services based on market signals. A wave of privatization across the globe has seen governments withdraw, in large part, from providing not only goods but also infrastructure and social services for their people.

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