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Arguments in favor of reviving conventional competition are starting to be heard, especially in the U.S. and Europe. (Source photo by Reuters)

Success of dominant companies presents nations with dilemma

Oligopolies are destroying competition and with it, R&D and innovation

TOKYO -- Advanced nations are struggling with the dilemma that the stronger their leading companies are, the lower the economic growth rate becomes.

Oligopolies are increasing in the U.S., Europe and Japan. Over the past 25 years, the top three companies in each sector have outpaced their lesser rivals by about 30 percentage points in terms of revenue growth.

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