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Competition policy vs. industrial policy as a growth strategy

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  • Tatsuo Hatta

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

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  • Tatsuo Hatta, 2017. "Competition policy vs. industrial policy as a growth strategy," China Economic Journal, Taylor & Francis Journals, vol. 10(2), pages 162-174, May.
    • Handle: RePEc:taf:rcejxx:v:10:y:2017:i:2:p:162-174
    DOI: 10.1080/17538963.2017.1321216
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    1. Miwa, Yoshiro & Ramseyer, J. Mark, 2006. "The Fable of the Keiretsu," University of Chicago Press Economics Books, University of Chicago Press, number 9780226532707, October.
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    4. Marcus Noland & Howard Pack, 2003. "Industrial Policy in an Era of Globalization: Lessons from Asia," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 358, April.
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    Cited by:

    1. Andrey E. Shastitko & Anna I. Meleshkina & Olga A. Markova, 2021. "The market regulation triad: Antitrust, industrial policy and protectionism in the optical fiber market," Upravlenets, Ural State University of Economics, vol. 12(1), pages 47-61, March.
    2. Zhao, Lyuhang & Ruan, Jianqing & Shi, Xinjie, 2021. "Local industrial policies and development of agricultural clusters: a case study based on a tea cluster in China," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 24(2), February.

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