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Sub-Saharan Africa: More Competition Less Inequality
IMF Podcasts
English - October 18, 2019 18:15 - 13 minutes - 12.2 MB - ★★★★ - 48 ratingsBusiness News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Competition is considered to be an essential driving force of market economies. It’s said to ensure a more efficient allocation of resources and can boost innovation and productivity. But what happens when there isn’t enough competition? The latest Regional Economic Outlook for sub-Saharan Africa looks at how the lack of competition in the region is hurting the poor and undermining economic growth. In this podcast, IMF economists Reda Cherif and Jesus Gonzalez-Garcia say more competition could lower prices and increase welfare.
Photo: Competition makes the economy work for people. (iStock by Getty images/ Stefan_Ganev)