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Vol 23 No 5 May/June 2018

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Competition Law Reform in Britain and Japan

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Kenji SuzukiStockholm School of Economics, Sweden

ISBN13: 9780415255875
ISBN: 0415255872
Published: April 2004
Publisher: Taylor & Francis
Format: Hardback
Price: £125.00

As market competition replaces state regulation in many economic fields, competition policy has become an area of increasing significance. Against this background, Suzuki highlights the importance of the domestic political structure for competition policy. He does this through the comparative analysis of competition law reforms in Britain and Japan. He argues - controversially - that a country's domestic political structure should be considered a major factor in causing the reform of competition law, and rejects the established view that it is necessarily a result of changes in international economic and political conditions. The book outlines the history of competition law reform in Britain and Japan throughout the post-war period, and also contains case studies of the most remarkable reforms in the 1970s and the 1990s. Suzuki uses the policy network approach in order to understand the domestic political structure, viewing the policy-making process as the interaction of relevant parties with their own interests and power resources.;Thus, he interprets competition law reform as the result of interactions between 'core actors', such as leading business organizations, government politicians and public officials in charge of industrial policy, and existing competition policy. Competition Law Reform in Britain and Japan makes comparisons, based on over half a century of competition law reform, demonstrating that while British and Japanese competition policies are apparently following the same trend of international convergence, the interests and power relations of the core actors in the competition policy network are quite different. This innovative book brings to the fore the political aspects of competition policy rather than the more usual legal and economic concerns. It is the only book to compare Britain and Japan's competition law reform in depth.

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1. Introduction: International Convergence and Policy Network of Competition Law 2. Early History and the Cases of Invention-Type Policy Innovation in the 1970s 3. Actor Interests and Cohesion in the Competition Policy Network in the 1970s 4. Distribution of Power Resources in the Competition Policy Network in the 1970s 5. External Changes and the Reform of British and Japanese Competition Law in the 1990s 6. Interests of the Core Actors in the Competition Policy Network in the 1990s 7. Change in the Distribution of Power Resources from the 1970s to the 1990s 8. Conclusion: Reform of Competion Law and Development of Competition Policy Network in Britain and Japan