01849cas a2200289 a 4500 AALejournalIMF021671 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513574172 1018-5941 BD-DhAAL BD-DhAAL Competition, Innovation, and Inclusive Growth. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad-based growth. However, new technologies and trends in market concentration are stifling future innovation while contributing to the marked increase in inequality. Beyond consumer welfare in a narrow market, competition policy should adapt to this new reality by considering the spillover and dynamic effects of market power, especially on firm entry, innovation, and inequality. Innovation policies should tackle not only government failures but also market failures. Mode of access: Internet Competition imf Inclusive Growth imf Inequality imf Innovation imf Market Power imf IMF Working Papers; Working Paper ; No. 2021/080 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/080/001.2021.issue-080-en.xml IMF e-Library