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The optimal degree of competition and dynamic efficiency in Japan and Korea

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  • The optimal degree of competition and dynamic efficiency in Japan and Korea
  • Amsden, Alice H.; Singh, Ajit
  • University of Cambridge


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Title The optimal degree of competition and dynamic efficiency in Japan and Korea
Similar Titles
Material Type Articles
Author(English)

Amsden, Alice H.; Singh, Ajit

Publisher

[Cambridge]:University of Cambridge

Date 1993-12
Pages 19
Subject Country Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Others
Industry and Technology < Entrepreneurship
Holding Munich Personal RePEc Archive

Abstract

This paper is concerned with the neglected role of competition policy in East Asian development. Michael Porter considers Japan's development to have benefitted from intense competition among firms. By contrast, Caves and Uekusa criticize MITI's role in creating recession cartels and entry barriers, which are thought to have resulted in allocative inefficiency. This paper argues that competition policy in both Japan and Korea was oriented towards creating dynamic efficiency (the highest long term productivity growth rate). It did so by measures, operating at both the industry and firm level, which sometimes restricted competition and sometimes encouraged it.