In Zambia, sugar and cement are major industries with few market players. Leading companies in these industries were using their market position to charge higher prices. The World Bank Group provided technical assistance to the Government of Zambia in an effort to improve market competition in the country.
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International Economics: IB Economics
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A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by
Graham Watson
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Crikey! Microeconomics in a developmental context. However, for IB students, this is a good example of the need for market-oriented reform to foster development.
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This World Bank clip look at how dominant producers in two sectors - sugar and cement - exploited their market power to raise prices and this adversely affected both consumers and producers who used the products as a factor of production.