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Market and the State: Government Policy Towards Business in Europe, Japan, and the USA
Hardcover
ISBN13: 9780814714324
Publisher: New York Univ Pr
Published: Feb 1 1991
Pages: 325
Weight: 1.42
Height: 0.94 Width: 6.00 Depth: 9.00
Language: English
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.
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.
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