Effective competition and competition policy can aid economic recovery

Protectionism has to be resisted

  • Relaxing, suspending, or eliminating competition policy during an economic crisis can inadvertently harm consumers and producers by lowering efficiency and slowing, rather than promoting economic recovery.
  • History demonstrates that the costs of restrictions on competition are both substantial, and extremely difficult to remove or reverse.
  • More effective competition and competition policy should be part of the solution to make markets work better in the future

 

See the ICN's case for competition policy in difficult economic times (2009)