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"The primary goals of the World Bank Group are to reduce poverty and promote broad based economic development. Experience suggests that this is best achieved and sustained by fostering competitive private sector led economic growth and investment. In this connection, competition and entry of new (and efficient expansion of existing) firms play a critical role in increasing productivity, investment, innovation and generating widely shared economic benefits. Where does competition law-policy fit in? The process of competition and entry is not automatic nor is it self sustaining--it needs to be protected and promoted. It can be impeded by public policy based barriers, and private restrictive business practices. Effective competition policy needs to address both.”
R. Shyam Khemani
Advisor, Competition Policy, Private Sector Development
World Bank Group
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