“Competition policy vs. industrial policy as a growth strategy”

Hatta presented a paper “Competition policy vs. industrial policy as a growth strategy” on China Economic Journal.

Hatta, Tatsuo. (2017). Competition policy vs. industrial policy as a growth strategy. China Economic Journal, 10 (2): pp. 162-174. https://doi.org/10.1080/17538963.2017.1321216

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.

KEYWORDS: 
Competition policy, industrial policy, growth strategy, trade liberalization, privatization