Competition policy vs. industrial policy as a growth strategy

Tatsuo Hatta

China Economic Journal, 2017, vol. 10, issue 2, 162-174

Abstract: This paper 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 National Strategic Special Zones.Abbreviations: METI: Ministry of Economy, Trade, and Industry NSSZ: National Strategic Special Zones

Date: 2017
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DOI: 10.1080/17538963.2017.1321216

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