US EditionIDB Reports Stronger Competition Could Raise Economic Output Across the Caribbean
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Market competition could become one of the most powerful tools to boost economic growth and reduce inequality in Latin America and the Caribbean, according to the report “Development Markets: Improving Lives through Competition” published by the Inter-American Development Bank (IDB). SEE MORE: Two Latin American countries, among the 20 largest economies in the world in 2025“The report shows that markets are not just a contextual element in devel…
Reading time approx.: 1 minutes, 31 secondsIf Latin America and the Caribbean had similar levels of competition to those of advanced economies, the Gross Domestic Product could be 11% higher and the inequality 6% lower, warns the Inter-American Development Bank (IDB).The agency notes that one of the sectors where this lack of competition is most reflected is that of telecommunications, whose high concentration keeps prices high, limits innovatio…
IDB Reports Stronger Competition Could Raise Economic Output Across the Caribbean
Latin America and the Caribbean could raise GDP per capita by 11 per cent and reduce inequality by 6 per cent by making markets more competitive. That is according to the Inter-American Development Bank’s (IDB) new report “Markets for Development: Improving Lives Through Competition,”. It shows that limited competition and high market concentration across the region’s economies weaken growth, suppress wages, and keep firms small and informal. D…
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