FROM COMPETITION TO COMPETITIVENESS: UNLOCKING GROWTH AND PRODUCTIVITY IN LAC - In Latin America and the Caribbean (LAC), competition can be a powerful engine for economic growth and productivity. When markets are competitive, innovation can flourish. This leads to greater efficiency, lower costs and, ultimately, greater choice for consumers. In LAC, this is a very important debate. But while the region has made significant progress in economic stabilization over recent decades, growth has stalled in recent years. The latest regional economic review by the World Bank titled “Competition: The Missing Ingredient for Growth?” identifies low levels of competition as an important factor contributing to low economic growth in the region.

What is the relationship between competition and economic competitiveness? How can governments and businesses work together to craft a framework that is conducive to higher competitiveness? How can competition and competitiveness feature in decisionmakers’ agendas?

ORIGINAL AIRDATE: 06/10/2024