Republic of Turkey Reform for Competitiveness Technical Assistance : Fostering Open and Efficient Markets through Effective Competition Policies
Competition in domestic markets is critical to ensure increased international competitiveness. Firms facing more intense competitive pressures are more likely to introduce new products and upgrade existing product lines. Firms usually acquire many...
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| Format: | PSD, Privatization and Industrial Policy |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/09/18369082/turkey-reform-competitiveness-technical-assistance-fostering-open-efficient-markets-through-effective-competition-policies http://hdl.handle.net/10986/17010 |
| Summary: | Competition in domestic markets is
critical to ensure increased international competitiveness.
Firms facing more intense competitive pressures are more
likely to introduce new products and upgrade existing
product lines. Firms usually acquire many of their inputs
(such as transportation, energy, construction, and
professional services) in local markets. Competition
policies are defined as the set of policies and a law
ensuring that competition in the marketplace is not
restricted in a way that reduces economic welfare. This
report reviews the current status of competition policy in
Turkey, focusing on the economy-wide enforcement of
competition rules and on specific regulations and government
policies that affect product market competition. Economic
and legal analysis is used to identify key challenges and to
propose specific areas of intervention and reform. In
addition, this report provides an evaluation of the
potential benefits of pro-competition policies. Turkey is
benchmarked against other economies that represent
international best practice, as well as regional and global
standards, with particular reference to European Union (EU)
countries. This study finds that although Turkey has made
significant progress in enforcing competition law
effectively, it still faces challenges in achieving a
comprehensive and coherent policy framework to promote
product market competition. The study also finds that there
is significant scope to achieve efficiency gains from
procompetitive sector policies and more effective
economy-wide competition policy enforcement. |
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