More competition good for growth

Sep 4, 2013

The road to growth and job creation is paved with higher competition, says the business and growth minister, Henrik Sass Larsen (Socialdemokraterne).

Efforts to improve competition, such as an elimination of chemists’ monopoly on the sale of prescription drugs, would result in lower prices and force companies to become more efficient, Larsen said.

“Why should I pay twice as much for a product when I could have it for half the price?,” the business minister asked.

Larsen’s comments put him line with the recommendations of a government-seated panel looking into ways to improve competitiveness.

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