Sub-Saharan Africa: More Competition Less Inequality

<p>Competition is considered to be an essential driving force of market economies. It’s said to ensure a more efficient allocation of resources and can boost innovation and productivity. But what happens when there isn’t enough competition? The latest <a href= "https://www.imf.org/en/Publications/REO/SSA">Regional Economic Outlook for sub-Saharan Africa</a> looks at how the lack of competition in the region is hurting the poor and undermining economic growth. In this podcast, IMF economists Reda Cherif and Jesus Gonzalez-Garcia say more competition could lower prices and increase welfare.</p> <p>Photo: Competition makes the economy work for people. (iStock by Getty images/ Stefan_Ganev)</p>