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OECD Economic Surveys: Switzerland 2006

image of OECD Economic Surveys: Switzerland 2006

This 2005 OECD Economic Survey of the Swiss economy examines key economic challenges including improving the fiscal framework, reforming welfare programmes, improving competition, strengthening innovation, and increasing the labour supply.

 

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Competition Matters for Growth

The inadequate functioning of some product markets and lack of competition has undermined the dynamism of the economy, in particular productivity growth. International comparisons confirm that Switzerland suffers from stringent product market regulation, particularly in the sheltered sectors of the economy; this pushes up prices, which are, on average, among the highest in the world. The authorities are fully aware of the situation and competition policy has moved up the policy agenda.

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