Industrial and Competition Policy: Conflict or Complementarity?

Developing countries in Asia debate the following policy question: Should we allocate scarce resources to promote competition and thereby procure resulting efficiency gains, or would we do better to favor selected sectors viewed as contributing most to a particular set of desired, long term, developmental goals? Making the distinction between these two choices obscures the fact that the two can be complementary.

This paper examines the different characteristics of industrial and competition policies and debates whether they can be mutually reinforcing.  

The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.

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