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Event

Declining competition: a transatlantic challenge

Join us for a discussion of transatlantic competition with Kristalina Georgieva, Margrethe Vestager and Amy Klobuchar among others.

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Date and time
15 March 2021 15:00-16:45

Speakers

David Wessel

Director - The Hutchins Center on Fiscal and Monetary Policy Senior Fellow - Economic Studies, Brookings,

Nancy Rose

Charles P. Kindleberger Professor of Applied Economics, MIT,

Greg Ip

Chief economics commentator, The Wall Street Journal,

Video and audio recordings

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.

Background reading

Rising Corporate Market Power : Emerging Policy Issues, IMF Staff Discussion Note

Theme
Global economy and trade Digital economy, labour markets, skills and health
Keyword
transatlantic relations digital economy digital currencies competition policy
Language
English

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