Global competition policy / Edward M. Graham, J. David Richardson, editors.

"December 1997."

Includes bibliographical references and index.

Issue overview / Edward M. Graham and J. David Richardson -- Canada / Calvin S. Goldman, John D. Bodrug, and Mark A.A. Warner -- France : 1987-94 / Fred́eŕic Jenny -- Germany / Kai-Uwe Kuḧn -- The antimonopoly law of Japan / Mitsuo Matsushita -- United Kingdom / Donald Hay -- United States / Eleanor M. Fox and Robert Pitofsky -- Competition policy and trade policy in the European Union / Kalypso Nicolaid̈is and Raymond Vernon -- Competition in Japan and the West : can the approaches be reconciled? / Douglas E. Rosenthal and Mitsuo Matsushita -- US and EU competition law : a comparison / Eleanor M. Fox -- Harmonizing antitrust : the less effective way to promote international competition / Douglas E. Rosenthal and Phedon Nicolaides -- Australia and New Zealand / Graeme Thomson -- Using antitrust principles to reform antidumping law / Robert A. Lipstein -- Formal and informal measures for controlling competition in Japan : institutional overview and theoretical evaluation / Kotaro Suzumura -- VERs, VIEs, and global competition / Motoshige Itoh and Sadao Nagaoka -- Keiretsu, competition, and market access / Paul Sheard -- Conclusions and recommendations / Edward M. Graham and J. David Richardson.

There is growing consensus among international trade negotiators and policymakers that a prime area for future multilateral discussion is competition policy. Competition policy includes antitrust policy (including merger regulation and control) but is often extended to include international trade measures and other policies that affect the structure, conduct, and performance of individual industries. This study includes country studies of competition policy in Western Europe, North America, and the Far East (with a focus on Japan) in the light of increasingly globalized activities of business firms. Areas where there are major differences in philosophy, policy, or practice are identified, with emphasis on those differences that could lead to economic costs and international friction. Alternatives for eliminating these costs and frictions are discussed, including unilateral policy changes, bilateral or multilateral harmonization of policies, and creation of new international regimes to supplement or replace national or regional regimes.A succinct monograph Competition Policies for the Global Economy outlining major conclusions and proposals has been released along with this more comprehensive volume.