Deregulation and Interdependence in the Asia-Pacific Region (Volume 8) (National Bureau of Economic Research East Asia Seminar on Economics)

Recently, real and artificial barriers to international transactions have fallen sharply, causing a rise in the overall volume of international trade. East Asia has been particularly affected by the economic stresses and gains derived from deregulation. Deregulation and Interdependence in the Asia-Pacific Region explores the broadly similar experiences of certain economies in the region—China, Hong Kong, Japan, Korea—in dealing with the potentially volatile process of deregulation, and examines the East Asian response to a rapidly transforming economic environment. Regulatory Reform And International Trade Policy / Roger G. Noll -- International Trade Aspects Of Competition Policy / Sadao Nagaoka -- Market Design And Price Behavior In Restructured Electricity Markets: An International Comparison / Frank A. Wolak -- Competition In The Japanese Distribution Market And Market Access From Abroad / Motoshige Itoh -- Hong Kong's Business Regulation In Transition / Changqi Wu, Leonard K. Cheng -- Toward A More Liberal Sky In Japan: An Evaluation Of Policy Change / Hirotaka Yamauchi -- The Reform Of The Business Service Sector: The Case Of Taiwan's Financial System / Ching-hsi Chang -- Interest Rates, Credit Rationing, And Banking Deregulation In Taiwan / Chung-shu Wu, Sheng-cheng Hu -- Financial Deregulation And Competition In Korea / Moon-soo Kang -- Deregulation, Profit, And Cost In Commercial Banking: The Case Of Hong Kong / Yum K. Kwan, Francis T. Lui -- Telecommunications Liberalization: A Taiwanese Perspective / Shin-horng Chen -- Competition Policies For The Telecommunications Industry In Korea / Il Chong Nam -- China's Telecommunications Infrastructure Buildup: On Its Own Way / Ding Lu -- Telecommunications Liberalization: The U.s. Model / Robert W. Crandall. Edited By Takatoshi Ito And Anne O. Krueger. Papers Presented At The Eighth Annual National Bureau Of Economic Research East Asia Seminar On Economics (ease8) Held In Taipei In June 1997. Includes Bibliographical References And Indexes. This study of the falling of barriers and the consequent increase in international trade explores the broadly similar experiences of China, Hong Kong, Japan and Korea in dealing with deregulation, and examines the East Asian response to a transforming economic environment. The phenomenal economic growth of the international economy over the past half-century has been in part caused by, and in part the result of, falling real and artificial barriers to international transactions among nations.