Edited by J. David Richardson and Edward M. Graham; The Institute for International Economics; December 1997

There is growing consensus among international trade negotiators and policymakers that a prime area for future multilateral discussion is competition policy. Competition policy includes antitrust policy (including merger regulation and control) but is often extended to include international trade measures and other policies that affect the structure, conduct, and performance of individual industries.

This study includes country studies of competition policy in Western Europe, North America, and the Far East (with a focus on Japan) in the light of increasingly globalized activities of business firms. Areas where there are major differences in philosophy, policy, or practice are identified, with emphasis on those differences that could lead to economic costs and international friction. Alternatives for eliminating these costs and frictions are discussed, including unilateral policy changes, bilateral or multilateral harmonization of policies, and creation of new international regimes to supplement or replace national or regional regimes.A succinct monograph Competition Policies for the Global Economy outlining major conclusions and proposals has been released along with this more comprehensive volume.

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Book Contents (PDFs):

Preface 

Acknowledgments

I. Introduction

1. Issue Overview 531.4KB

II. Country Studies

2. Canada 459.2KB

3. France: 1987-94 419.1KB

4. Germany 441.4KB

5. The Antimonopoly Law of Japan 487.6KB

6. United Kingdom 446.1KB

7. United States 445.6KB

8. Competition Policy and Trade Policy in the European Union 463.1KB

III. Issue Studies

9. Competition in Japan and the West: Can the Approaches be Reconciled? 402.5KB

10. US and EU Competition Law: A Comparison 380.6KB

11. Harmonizing Antitrust: The Less Effective Way to Promote Intellectual Competition 420.7KB

12. Australia and New Zealand 386.0KB

13 Using Antitrust Principals to Reform Antidumping Law 446.0KB

14. Formal and Informal Measures for Controlling Competition in Japan: Institutional Overview and Theoretical Evaluation 495.3KB

15. VERs, VIEs, and Global Competition 412.5KB

16. Keiretsu, Competition, and Market Access 507.4KB

IV. Conclusions

17. Conclusions and Recommendations 436.0KB

References

Index

About the Author:

J. David Richardson, senior fellow since 1991, is also professor of economics in the Maxwell School of Syracuse University. He has written extensively on trade, globalization, and international economic policy issues and directs the Institute's Globalization Balance Sheet Project.  He is the author or coauthor of Why Global Commitment Really Matters! (2001), Global Competition Policy (1997), Competition Policies for the Global Economy (1997), Why Exports Matter: More! (1996),  Why Exports Really Matter! (1995), and Sizing Up U.S. Export Disincentives (1993).

Edward M. Graham, senior fellow since 1990, is concurrently adjunct professor at Columbia University in New York. He was an economist at the US Treasury and taught full-time in the business schools of several US universities (MIT, University of North Carolina Chapel Hill, Duke University, among others). While serving at the Treasury, he was seconded for two years to the Organization for Economic Cooperation and Development (OECD) in Paris. He also served as visiting or adjunct faculty at the University of Virginia, Charlottesville; Stanford University (Washington Program); The Johns Hopkins University; Seoul National University; Harvard University (John F. Kennedy School of Government); INSEAD (European Institute of Administration, Fontainebleau, France); and the University of Paris I (Pantheon/La Sorbonne). His research interests have included foreign direct investment, international competition policy, and the industrial organization of major Asian economies. His Institute books include US National Security and Foreign Direct Investment (2006), coauthored with David Marchick; Does Foreign Direct Investment Promote Development? (2005), coedited with Theodore Moran and Magnus Blomström; Restructuring Korea’s Industrial Conglomerates (2003); Fighting the Wrong Enemy: Antiglobalist Activists and Multinational Enterprises (2001); Global Competition Policy (1997), coedited with J. David Richardson; Global Corporations and National Governments (1996); and Foreign Direct Investment in the United States (3d ed., 1995), coauthored with Paul R. Krugman. He has also published a number of other books, more than 60 articles in academic journals or conference volumes, and more than 70 articles appearing in the popular and financial press. He holds an undergraduate degree from the Massachusetts Institute of Technology (MIT) and MBA and doctoral degrees from Harvard University.

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