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Cooperative Capitalism : Self-Regulation, Trade Associations, and the Antimonopoly Law in Japan - Ulrike Schaede

Cooperative Capitalism

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

Hardcover Published: 1st July 2000
ISBN: 9780198297185
Number Of Pages: 320

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The Japanese government is becoming less involved in shaping industrial policyDSbut 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'DSsetting 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.

1: Introduction 2: Japanese Trade Associations 3: Antitrust Policy and Industrial Policy in the Postwar Period 4: Self-Regulation and the Antimonopoly Law 5: The Evidence: Antitrust Enforcement and Self-Regulation in Postwar Japan 6: Data Analysis: Trade Associations and Self-Regulation 7: The Historical Development of Self-Regulation in Japan's Trade Associations 8: The Implications

ISBN: 9780198297185
ISBN-10: 0198297181
Series: Japan Business and Economics Series
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 320
Published: 1st July 2000
Country of Publication: GB
Dimensions (cm): 24.16 x 16.31  x 2.62
Weight (kg): 0.6

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