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Cooperative Capitalism: Self-Regulation, Trade Associations, and the Antimonopoly Law in Japan (Japan Business and Economics Series) - Hardcover

 
9780198297185: Cooperative Capitalism: Self-Regulation, Trade Associations, and the Antimonopoly Law in Japan (Japan Business and Economics Series)
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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.

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About the Author:
Ulrike Schaede is at the Graduate School of International Relations and Pacific Studies at University of California, San Diego.

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  • PublisherOxford University Press
  • Publication date2000
  • ISBN 10 0198297181
  • ISBN 13 9780198297185
  • BindingHardcover
  • Edition number1
  • Number of pages320

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Book Description Hardcover. Condition: new. Hardcover. 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 onceagain 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 governmentderegulation programmes and international trade negotiations ineffective in opening Japanese markets. The implications of self-regulation for Japanese industry are mixed: while internationallycompetitive 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. Based on interviews and detailed data analysis of trade association activities, this book concludes that increasing self-regulation renders deregulation programmes and international trade negotiations ineffective, leaving many Japanese markets closed to international competitors. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Seller Inventory # 9780198297185

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Book Description Hardcover. Condition: new. Hardcover. 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 onceagain 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 governmentderegulation programmes and international trade negotiations ineffective in opening Japanese markets. The implications of self-regulation for Japanese industry are mixed: while internationallycompetitive 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. Based on interviews and detailed data analysis of trade association activities, this book concludes that increasing self-regulation renders deregulation programmes and international trade negotiations ineffective, leaving many Japanese markets closed to international competitors. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780198297185

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