OECD Insights: International Trade
Patrick Love and Ralph Lattimore
Links in the value chain
The local family businesses that once dominated the retail trade no longer do so, observe Patrick Love and Ralph Lattimore in OECD Insights: International Trade. "The disappearance of the small family business through mergers, being bought out or bankruptcy, and their replacement by larger firms, is known as market concentration. This can have positive and negative effects for consumers."