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The strength of product market competition plays an important role in economic growth and affects economic efficiency, the allocation of resources, and can also lead to improved labour market performance. The Economics Department is examining product market competition and economic performance in order to identify product market policies that are conducive to growth and employment.
Bookmark this page: www.oecd.org/eco/structural/competition
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17-Dec-2008
Korea has been hard-hit by the global financial crisis. In addition, it faces a number of medium-term challenges to sustaining growth, notably tax reform, enhancing service sector productivity and reforming the labour market and education system.
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09-Dec-2008
Labour productivity growth in the service sector, which accounts for 70% of Japan’s economic output and employment, has slowed markedly in recent years in contrast to manufacturing.
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03-Dec-2008
There has recently been significant progress in reducing the extent of state involvement in private markets. As financial conditions allow, privatisation should continue, along with further reforms to improve competition and to find alternative means of providing government support where market failures remain.
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19-Nov-2008
The main challenges facing the Spanish economy are to minimise the economic costs of the current downturn, move workers shed to new jobs, and to raise sustainable productivity growth including by improving human capital formation and competition in product markets.
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10-Oct-2008
The Australian economy, which is in its 17th consecutive year of growth, has benefited from remarkable results. But difficult challenges lie ahead. How to balance inflation threats and risks of a strong downturn? How to strengthen labour supply? How to enhance education performance? What reforms are needed for labour and product markets? How to implement climate change policy and sustainable water management?
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