A view of Greece from the Outside - Commentaries and Opinions
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Wednesday, April 9, 2014
Good Competition and Good Regulatory Framework = Big Impact on Growth!
"What struck me most was that Greece was a relatively
closed economy and that Greek consumers did not have at their disposal enough
options for goods and services because of the lack of competition. Therefore we
took a very, very thorough and in-depth look at the question of competition.
And competition helps in many ways, not only in terms of empowering the
consumer. It brings with it investment, management skills, access to other
markets; it helps combat corruption. What you will find, which has inevitably
and invariably been the case, is that one measure will count for one, but two
measures will count for three, and three for 25. Measures are mutually
reinforcing, they don’t work in isolation. Put good competition and a good
regulatory framework together and you will have a big impact on growth – you
can have an increase in growth in the next 5-20 years of between 5-20 percent of