Competition Policy vs. Industrial Policy as a Growth Strategy

Tatsuo Hatta

No DP-2016-40, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: This paper examines the rationale behind industrial policy and competition policy as growth strategies, and shows that competition policy, rather than industrial policy, generated the rapid economic growth in post-war Japan. It also reveals that Japan's growth rate was lowered from the mid-1970s due to newly introduced industrial policies and paucity of further competition policy. The current Abe government recognises the need for competition policies in Japan to recover from the low-growth period. The paper describes the types of competition policy carried out under Abenomics, especially in strategic special economic zones.

Keywords: Abenomics; completion policy; industrial policy; growth strategy; trade; liberalisation; privatisation (search for similar items in EconPapers)
Pages: 22 pages.
Date: 2017-03
New Economics Papers: this item is included in nep-com and nep-tid
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Citations: View citations in EconPapers (2)

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Journal Article: Competition policy vs. industrial policy as a growth strategy (2017)
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