Competition can foster sustainable development - UNCTAD
Competition, law and policy experts gathered in Geneva recently to
explore the manner in which competition policy, laws and authorities
contribute to achieving sustainable and inclusive economic development.
The meeting, held during the fourteenth session of the Intergovernmental
Group of Experts on Competition Law and Policy, also considered the
coherence of competition policy with other public policies.
Competition policy works in tandem with other public policies and
processes to enable a competitive business environment to develop.
Inclusive long-term economic growth and sustainable development is
linked to the way in which all these policies inter-connect.
With this in mind, UNCTAD invited officials from Organisation for
Economic Co-operation and Development (OECD), the World Intellectual
Property Organization (WIPO) and the World Trade Organization (WTO) to
attend the meeting on competition policy and development.
The discussions centered on the relationship of competition policy
with policies in areas such as innovation and intellectual property
rights protection, competitive neutrality, good governance, trade
liberalization and global value chains and international cooperation The
experts looked in particular at how these contribute to inclusive and
sustainable growth in developing countries.
Academics Eleanor M. Fox, Professor of Trade Regulation at the New
York University School of Law and Alberto Heimler, Professor of
Economics at the Italian School of Government, were among the
participants who shared their views and commented on the panelists'
presentations. A debate involving experts from all over the world
followed the presentations.