The three instruments employed by major industrialized countries
for intervening into the market are typically some variant of
antitrust or competition policy, direct regulation, and
international trade policy, direct regulation, and international
trade policy. But the approach and form vary considerably among the
developed nations. The purpose of this book is to compare
government policies towards business in Europe, Japan and the Us,
to analyze their impact and effectivenes, and assess the policies
and the specific circumstances under which government intervention
is most successful.
The first section of the book compares the antitrust approach in
the Us, competition policy in Europe, and fair tarde in Japan. The
second section considers the regulation and deregulation movements
in the US, public control of business in Europe and industrial
targeting in Japan. Finally the interaction between foreign trade
policy and domestic business performance is examined in the third
section, which considers the rise of protectionism in the US, the
Community experiment in Europe and export policies in Japan.
David Audretsch concludes that industrial policies have played a
predominant role in shaping the industrial structures of each of
these major economic regions in the post-war period. While each
country has developed its own particular distinctive mix of
industrial policies, market intervention by governments in all of
these countries has been at least partially responsible for the
patterns of industrial performance that emerged in the 1980s.
General
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