Schaede | Cooperative Capitalism | Buch | 978-0-19-829718-5 | www.sack.de

Buch, Englisch, 314 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 646 g

Reihe: Japan Business and Economics Series

Schaede

Cooperative Capitalism

Self-Regulation, Trade Associations, and the Antimonopoly Law in Japan
Erscheinungsjahr 2000
ISBN: 978-0-19-829718-5
Verlag: OUP Oxford

Self-Regulation, Trade Associations, and the Antimonopoly Law in Japan

Buch, Englisch, 314 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 646 g

Reihe: Japan Business and Economics Series

ISBN: 978-0-19-829718-5
Verlag: OUP Oxford


The Japanese government is becoming less involved in shaping industrial policy–but what does this imply for the openness of Japanese markets to foreign competition? In an extensive study of 'post-development' Japan, Ulrike Schaede argues that, contrary to what many have suggested, the reduced role of government regulation may not result in more open markets. Instead, as has happened throughout Japanese history, deregulation and the recession of the 1990s have once
again led Japanese trade associations to assume important regulatory functions of their own. They do this through 'self-regulation'–setting and enforcing the rules of trade for their industries, independent from the government. As a result, many Japanese markets are now effectively governed by
incumbent firms, in particular in terms of structuring the distribution system. As the record of postwar antitrust enforcement reveals, Japan's antitrust system considers most activities of self-regulation, other than outright price-fixing, as legal. Using interviews and a unique database of trade association activities, this book concludes that increasing self-regulation renders both government deregulation programmes and international trade negotiations ineffective in opening Japanese
markets. The implications of self-regulation for Japanese industry are mixed: while internationally competitive firms can use self-regulation to reduce competition at home in order to compete more forcefully abroad, some domestic industries, such as the financial sector, may suffer from increased
self-protection.

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