Show Less

Regulation, Markets and Poverty

Edited by Paul Cook and Sarah Mosedale

Regulation, Markets and Poverty incorporates the main policy implications arising from theoretical and empirical research into competition, regulation and regulatory governance in developing countries. This analysis often challenges conventional wisdom and draws on the work of leading experts from a range of disciplines.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 2: Competition and Innovation


INTRODUCTION If we are serious about driving down levels of poverty in the developing world then we urgently need to take a fresh look at competition. Developing countries have only recently started to focus on competition policy. This creates both an exciting opportunity and a potential risk. Exciting because policies are not yet set in stone so there is a real opportunity to create a self-sustaining pro-poor policy. Potentially threatening because if we fail to look beyond popular but damaging concepts of competition and a narrow conception of the market we will fail again, as we have largely failed for the last 25 years of economic reforms, to make significant progress towards eliminating poverty in the developing world. Poverty reduction can only occur in developing countries if their economies grow relative to the industrialized nations and so account for a greater share of world production of goods and services. This means the things they do that are productive must grow faster than their less productive activities. For this to happen these activities must take place within a competitive environment that facilitates structural change. Obviously for poverty reduction, the way the pieces of the economic pie are distributed among the population is also highly significant. We cannot hope however, to create policy to encourage competition if we cannot agree on what competition is. There has always been debate about the meaning of competition but for the last 25 years one particular viewpoint has dominated all others (Cook, 2002). According...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.