Regulation Versus Competition On European Financial Markets
Source: Munich Personal Repec Archive
Competition is the mechanism that helps companies, institutions and markets to become more productive and efficient. One of the main obstacles to economic growth is represented by the policies that hinder competition. The European officials' solution to the region's reform is to protect the region against outside competition, while preventing companies from restructuring and making layoffs. But history proved that such a solution will not work, since competition increases productivity and successful organizations are the ones that respond by making the smartest innovations. But this dynamic is more or less absent in Europe. And it should change to face the global challenges.