Publication: Export Competitiveness: Why Domestic Market Competition Matters
This review of the empirical literature shows that industries with more intense domestic competition will export more. Competition law enforcement can be traced to export performance and is complementary to trade reforms. Pro-competition market regulation that reduces restrictions and promotes competition, where it is viable, is an important determinant for trade. The elimination of barriers to entry and rivalry, and a level playing field in upstream sectors contributes to export competitiveness in downstream manufacturing sectors. In some sectors, effective competition policy can directly lower trade costs.
“Goodwin, Tanja; Pierola, Martha Denisse. 2015. Export Competitiveness: Why Domestic Market Competition Matters. Viewpoint;No. 348. © World Bank, Washington, DC. http://hdl.handle.net/10986/23658 License: CC BY 3.0 IGO.”
Other publications in this report series
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PublicationInternational Power Trade : The Nordic Power Pool(World Bank, Washington, DC, 1999-01)Scandinavia, where countries have traded power for decades, has the world's most developed international market for electricity. Recently the trading system has changed dramatically, moving from the old model of cooperation among the leading vertically integrated utilities in each country, under the Nordel agreement, to competitive market rules. Norway and Sweden established a common power market, Nord Pool, in 1996, and Finland joined in June 1998. This Note examines why Nord Pool came into being, what conditions facilitated its development, and what lessons it provides for World Bank client countries.
PublicationCorporate Debt Restructuring-A Proposal for East Asia : Auctions Speak Louder than Words(World Bank, Washington, DC, 1999-11)Auctions may be an appropriate way to reorganize the liabilities of some overindebted East Asian firms - those that are generally well run, for which there is merit in keeping the existing owners in place, but for which conventional bankruptcy procedures are proving too slow. This Note proposes an auction scheme dubbed Accord - for Auction-based Creditor Ordering by Reducing Debts. Firms pay creditors in sequence as their operating cash flows permit rather than on a promised schedule. Creditors bid for position in the queue by the proportion of debt they forgive, choosing between smaller or more deferred repayments. The outcome: a firm with serviceable debt, controlled by existing owners with an incentive to operate it efficiently.
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