Lagarde: World May Face a ‘Monopoly Problem’ in the Future

Lagarde: World May Face a ‘Monopoly Problem’ in the Future
International Monetary Fund Managing Director Christine Lagarde speaks at the 13th Annual Capital Markets Summit at the U.S. Chamber of Commerce in Washington on April 2, 2019. Samira Bouaou/The Epoch Times
Emel Akan
Updated:

WASHINGTON—The rising power of a few corporate giants could weaken investment, deter innovation, and reduce the share of income paid to workers in advanced economies, according to a new report by the International Monetary Fund (IMF).

While the overall macroeconomic effects of the rising “monopoly problem” have been modest so far, further increases in the market power of big companies could become increasingly negative if they were left unchecked.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
twitter
Related Topics