Declining competition: a transatlantic challenge
Join us for a discussion of transatlantic competition with Kristalina Georgieva, Margrethe Vestager and Amy Klobuchar among others.
New IMF research shows that the pandemic has furthered the trend toward rising market power in advanced economies. Rising market power has been associated with declining business dynamism and lower wages, and M&As by dominant firms have reinforced it. For these reasons, the Fund sees a case for enhanced competition policy frameworks to cope with the rise in market power in general, and in the digital economy in particular.
At this event, divided into two sessions, speakers discussed the issue of the rise in market power of members of the digital markets and the scope for enhanced competition policy to tackle this trend.
This event was organised in cooperation with the Brookings Institution.
Rising Corporate Market Power : Emerging Policy Issues, IMF Staff Discussion Note
Chair: David Wessel, Director - The Hutchins Center on Fiscal and Monetary Policy Senior Fellow - Economic Studies, Brookings
Chair: Guntram B. Wolff, Director
Kristalina Georgieva, Managing Director, International Monetary Fund
Amy Klobuchar, Senator, the United States
Margrethe Vestager, Executive Vice-President, European Commission
Assistant Director, Research, International Monetary Fund
Managing Director, International Monetary Fund
Chief economics commentator, The Wall Street Journal
Senator, the United States
Charles P. Kindleberger Professor of Applied Economics, MIT
Professor of Economics, Imperial College Business School
Executive Vice-President, European Commission
Director - The Hutchins Center on Fiscal and Monetary Policy Senior Fellow - Economic Studies, Brookings
Guntram B. Wolff
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