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Speeches / Presentations
To achieve higher productivity growth, raise investment and foster job creation, we need to foster competition in our economies, said Angel Gurría in Washington.
Going abroad opens new markets for firms, and helps them to become more productive, innovative and ultimately more successful in their business. International investment is also the fuel that helps run the global economy’s engine. But these positive outcomes will only materialise if appropriate framework conditions are in place that allow all companies to compete in a fair and transparent manner, said OECD's Gurría in Beijing.
The Global Forum on Competition is a unique opportunity to bring together competition authorities from the developed and developing world to foster a rich and fruitful debate on how competition policy can enhance the performance of market economies, and contribute to improve overall well-being, and rebuild public trust.
We need to fight distortions to competition that can arise from tax avoidance, just like we do from other forms of government intervention, such as regulation, said OECD Secretary-General.
We know that Greece is undergoing a profound and painful economic adjustment, but we are convinced that continuing down the path of ambitious reform will ultimately see a return to robust, broad-based growth that will improve the well-being of all Greek citizens, said OECD Secretary-General.
We understand how much Greek society has endured these past six years. Reform isn’t easy at the best of times, but it can be even more challenging in the face of a weak economy while at the same time trying to correct a budget deficit. But all crises come to an end. Growth does return. Now is the time to maintain the momentum of Greece’s reform drive, said OECD Secretary-General.
Strong competition is an optimizer for our economies. First of all, it is the best catalyst to increase our productivity. This is because a strong competition framework generates the right incentives to attract the most efficient firms into our markets.
In his closing remarks to the first day of the OECD Global Forum on Competition, the OECD Secretary-General underlined the importance of tackling the topic of competition and poverty.
By removing barriers to entry in protected sectors and guaranteeing a level playing field for entrepreneurs, pro-competition reforms can unlock opportunities for investment and for the creation of jobs, said OECD Secretary-General Angel Gurría.
Vigorous competition stimulates productivity and the innovation that is vital for fostering new sources of growth and competitiveness. It prevents market capture by incumbents or large firms. Competitive markets create new employment opportunities, and increase the access of consumers to cheaper and better quality products. Fair competition is one of the oldest pillars of economic progress, according to OECD Secretary-General.