This paper develops a dynamic framework to analyze the political sustainability of economic reforms in developing countries. First, we demonstrate that economic reforms that are proceeding successfully may run into a political impasse, with the reform's initial success having a negative impact on its political sustainability. Second, we demonstrate that greater state capacity, to make compensatory transfers to those adversely affected by reform, need not always help the political sustainability of reform, but can also hinder it. Finally, we argue that in ethnically divided societies, economic reform may be completed not despite ethnic conflict, but because of it.
Since the failure of the Havana Charter in 1947 till the success of the combined efforts of leading antitrust authorities against mighty Microsoft, the antitrust regime has witnessed several ups and downs. Auf jeden Fall the journey was not an easy one. Moreover now antitrust regime is standing at international crossroads and is wondering about its future direction. Today, at this crucial juncture the antitrust world is confronted with several dilemmas simultaneously. Choices are to be made between national welfare or global welfare, national autonomy or global regulations, the efficiency factor or the fairness view, national champions or global champions, collective efficiency or collective inefficiency, WTO or ICN, the US model or the EU model and so on. It is widely believed among experts that to overcome these dilemmas, the world needs some truly unified international antitrust framework, which would enable the international community to achieve optimal product mix incorporating the best from all options and through such optimal product mix the global community can enjoy to a large extent advantages that competition policy has to offer. In this direction I have examined the feasibility and viability of unifying international competition policy in this work. Additionally, as the title suggests I have listed out advantages and disadvantages of such moves. Efforts for harmonization of competition laws began as early as in 1948. Till date there are several binding and non-binding arrangements made in the direction of harmonization. The WTO and the EU for effective coordination in antitrust area have launched recently new initiatives. International Competition Network, a forum for active interaction among antitrust officials, even though non-binding in nature is doing considerably good work. I believe such confidence building initiatives among nations would help in arriving at some amicable solutions, agreeable to all nations. Chapter 8 focuses on various such initiatives taken in the direction of harmonization. In the concluding chapter, I elaborate further on need of having a unified antitrust regime under a contemporary scenario. Recommendations and views of experts are also presented. At the end I discuss my views about feasibility of having a truly unified antitrust regime in foreseeable future and other possible alternative measures that might help in achieving harmonization in future.
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Preliminary Material /P. Jain and B. Williams -- 1. Financial System Reform: Recovery Or Retrogression? /Jenny Corbett -- 2. Political Earthquake In Japan: How Much Of A Difference Will It Make? /J.A.A. Stockwin -- 3. Japan's Oda As Soft Power /Marie Söderberg -- 4. Japan In Global Governance: War And Peace /Go Ito -- 5. Japan's Politics Of Environment And Climate Change: From NIMBY To Global Networks /Lam Peng Er -- 6. National Security In Japan's Space Policy /Saadia M. Pekkanen and Paul Kallender-Umezu -- 7. Japan's Regional Engagement: Network Diplomacy /Purnendra Jain and Alex Stephens -- 8. Can Japan Engage Northeast Asia? Overcoming Perceptual And Strategic Deficits /Jong Kun Choi -- 9. Japan's Education System: Problems And Prospects In The Post-Industrial Age /Brad Williams and Shoko Yoneyama -- 10. The Impact Of Changing Age Structure On Demographic Dividends And Intergenerational Transfers In Japan /Naohiro Ogawa -- 11. Have Jobs And Hope Gone Forever In Japan? From Family And Firms To A New Social Network /Yuji Genda -- 12. The Culture Of Migration Politics In Japan /Gabriele Vogt -- Index /P. Jain and B. Williams.
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