The impact of competition law on economic growth in Rwanda

Abstract

The aim of this study was to examine and demonstrate how competition law promotes economic growth in Rwanda, and the following were found to specific objectives: to present some concerns of competition practices in Rwanda, and their legal implications and how the issues in question should be enhanced and tackled in a legal and worthy manner, to analyze the strength, weaknesses and challenges of the institutions in place, to promote competition, and to establish the linkage between the enforcement of the competition law and the economic growth. To gather information within the course of this research, the researcher used documentary review techniques including documents review, which was used to consult laws, books and other documents, reports, journals and case laws as well as interviews. By exploring the literature on the nature of competition and reason of having or initiating competition law, Rwanda like other most developing countries, is working to implement competition policy and laws like. The actions regarding the implementation of completion policy are explained by initiation of RDB where its first mission is to help in fostering Rwandan economy and this has to facilitate investors who like to do business in Rwanda. It has been hard to estimate the role of competition policies and laws but the arrival of foreign investors help in increasing the level exports in hold to equilibrate the balance of payment. Those competition policies also were found to have a great contribution on development programs like 2020 Vision, EDPRS, and MDGs where Rwandan is ranked among the countries that has achieved more about the goals of Millennium Development.