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	Table of Contents
p. 66 of 77 BACK | NEXT Foreword, Acknowledgments, Acronyms and Abbreviations, Definitions I. Developing Asia and the world II. Economic trends and prospects in developing Asia III. Promoting competition for long-term development Introduction Benefits of competition Competition policy regimes Consistency with other development objectives Competition policy in the context of regional and global integration Issues for implementation Effects on government finances Toward a competitive future Summary and conclusions Endnotes and references Statistical appendix

Asian Development Outlook 2005

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Promoting competition for long-term development

Liberalization and integration, both with the rest of the region and with the rest of the world, are having strong effects on Asia's firms and their ability to contribute to national development objectives. As competitive forces become stronger, so do some incentives for anticompetitive behavior. Competition policy can both help markets deliver the benefits of competition to consumers and support sustainable economic growth. But there may be tensions between what is good for short-term, allocative efficiency and what is good for long-term, dynamic efficiency. Countries in developing Asia are exploring ways to balance competing concerns, as competition policy moves up the reform agenda in the region.

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