Deregulation and Interdependence in the Asia-Pacific Region

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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.

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Product Details

Meet the Author

Takatoshi Ito is professor of economics at the University of Tokyo and a research associate of the NBER and the Tokyo Center for Economic Research.

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Table of Contents

Introduction - Takatoshi Ito and Anne O. Krueger
1. Regulatory Reform and International Trade Policy
Roger G. Noll
Comment: Anne O. Krueger
Comment: Sadao Nagaoka
2. International Trade Aspects of Competition Policy
Sadao Nagaoka
Comment: Anne O. Krueger
Comment: Chong-Hyan Nam
3. Market Design and Price Behavior in Restructured Electricity Markets: An International Comparison
Frank A. Wolak
Comment : Takatoshi Ito
Comment: Francis T. Lui
4. Competition in the Japanese Distribution Market and Market Access from Abroad
Comment: Thomas Gale Moore
Comment: Ching-hsi Chang
5. Hong Kong's Business Regulation in Transition
Changqi Wu and Leonard K. Cheng
Comment: Thomas Gale Moore
Comment: Roger G. Noll
6. Toward a More Liberal Sky in Japan: An Evaluation of Policy Change
Hirotaka Yamauchi
Comment: Takatoshi Ito
Comment: Changqi Wu
7. The Reform of the Business Service Sector: The Case of Taiwan's Financial System
Ching-hsi Chang
Comment: Motoshige Itoh
Comment: Hirotaka Yamauchi
8. Interest Rates, Credit Rationing, and Banking Deregulation in Taiwan
Chung-Shu Wu and Sheng-Cheng Hu
Comment: Shinji Takagi
9. Financial Deregulation and Competition in Korea
Moon-Soo Kang
Comment: Shinji Takagi
Comment: Sang-Woo Nam
10. Deregulation, Profit, and Cost in Commerical Banking: The Case of Hong Kong
Yum K. Kwan and Francis T. Lui
Comment: Moon-Soo Kang
11. Telecommunications Liberalization: A Taiwanese Perspective
Shin-Horng Chen
Comment: Ramonette B. Serafica
12. Competition Policies for the Telecommunications Industry in Korea
Il Chong Nam
Comment: Ramonette B. Serafica
13. China's Telecommunications Infrastructure Buildup: On Its Own Way
Ding Lu
Comment: Shang-Jin Wei
Comment: Tsuruhiko Nambu
14. Telecommunications Liberalization: The U.S. Model
Robert W. Crandall
Comment: Shin-Horng Chen
Comment: Tsuruhiko Nambu
Author Index
Subject Index

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