Understanding and Regulating the Market at a Time of Globalization

The Case of the Cement Industry

By: A. Jeunemaitre, H. Dumez

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Hardcover | 8 December 1999 | Edition Number 1

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256 Pages

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21.6 x 14.0 x 1.91

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How and why does a market globalize? How do (antitrust) competition and trade policies speed up or slow down the process? How do producers and distributors take part in globalization? This book offers a clear understanding of the phenomenon based on a thorough study of the cement industry. For a long time, this industry has been considered a model of spatial competition in economic textbooks. Although the industry has been inherently local due to transportation costs, it globalized in the 1980s. Hence, the originality of a book which highlights the fundamental characteristics of globalization. It does so combining various methodological approaches: an historical analysis of the cement markets dynamics since 1945, and a review of competition and trade policy cases (EC, Germany, Japan, Switzerland, the UK and the USA); a comparative trade block analysis (EC, Japan and USA); an analysis coupling the findings of theoretical works with the viewpoint of the business community (interviews and industry magazines). This book raises important issues often neglected by academics and regulatory authorities, in particular the importance of multimarket rivalry.

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'...I admire this book greatly. It is written in a style that non-specialists (and even non-economists) will find most inviting, even though it deploys concepts that are sophisticated...' - William James Adams, Professor of Economics, The University of Michigan

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Acknowledgements
Abbreviations and acronyms
Foreword
Introduction	p. 1
The cement industry: a model case	p. 5
Local competition	p. 23
Stabilising local competition	p. 27
Local market stabilisation and rivalry	p. 57
Local market stabilisation and competition policy	p. 75
Concluding comments	p. 105
Globalisation of local markets	p. 109
The internal conditions of globalisation	p. 113
The globalisation process	p. 125
Strategic responses to globalisation	p. 141
Concluding comments	p. 163
Understanding and regulating markets at a time of globalisation	p. 167
The European case	p. 171
Conclusion	p. 195
Postface	p. 207
Bibliography	p. 213
Index	p. 229
Table of Contents provided by Blackwell. All Rights Reserved.

Understanding and Regulating the Market at a Time of Globalization

The Case of the Cement Industry

At a Glance

Hardcover

Industry Reviews

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