Declining competition: a transatlantic challenge
Join us for a discussion of transatlantic competition with Kristalina Georgieva, Margrethe Vestager and Amy Klobuchar among others.
Speakers
Romain Duval
Assistant Director, Research, International Monetary Fund,
Margrethe Vestager
Executive Vice-President, European Commission
Tommaso Valletti
Professor of Economics, Imperial College Business School,
Kristalina Georgieva
Managing Director, International Monetary Fund
(Online)
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,
Amy Klobuchar
Senator, the United States,
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 .
Background reading
, IMF Staff Discussion Note
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