Introduction: Embracing Competition in the World’s Second Giant Economy: China’s 2008 Anti-Monopoly Law

Introduction: Embracing Competition in the World’s Second Giant Economy: China’s 2008... Rev Ind Organ (2012) 41:1–6 DOI 10.1007/s11151-012-9342-z Introduction: Embracing Competition in the World’s Second Giant Economy: China’s 2008 Anti-Monopoly Law David K. Round · Ping Lin Published online: 17 February 2012 © Springer Science+Business Media, LLC. 2012 1 Introduction When China finally embraced the notion of a market economy in 1992, it was inev- itable that pressures would mount, both internally and from external sources, for it to follow the lead of other major world economies (and many not so big ones as well) and embrace fully a culture for competition: not mere lip service to a watered- down version of a competition statute, leavened with so-called “Chinese characteris- tics”, but one that showed a full commitment to line up with the rest of the world in acknowledging the primacy of the competitive process in promoting the efficient use of scarce resources, encouraging dynamic efficiency, and working in the best interests of consumers and society in general. China finally entered the modern antitrust era in 2008, when the Anti-Monopoly Law (AML), which had been passed in 2007, came into effect after a long gestation period of 13 years of debate. Prior to this, China had passed several laws that http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Introduction: Embracing Competition in the World’s Second Giant Economy: China’s 2008 Anti-Monopoly Law

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Publisher
Springer US
Copyright
Copyright © 2012 by Springer Science+Business Media, LLC.
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-012-9342-z
Publisher site
See Article on Publisher Site

Abstract

Rev Ind Organ (2012) 41:1–6 DOI 10.1007/s11151-012-9342-z Introduction: Embracing Competition in the World’s Second Giant Economy: China’s 2008 Anti-Monopoly Law David K. Round · Ping Lin Published online: 17 February 2012 © Springer Science+Business Media, LLC. 2012 1 Introduction When China finally embraced the notion of a market economy in 1992, it was inev- itable that pressures would mount, both internally and from external sources, for it to follow the lead of other major world economies (and many not so big ones as well) and embrace fully a culture for competition: not mere lip service to a watered- down version of a competition statute, leavened with so-called “Chinese characteris- tics”, but one that showed a full commitment to line up with the rest of the world in acknowledging the primacy of the competitive process in promoting the efficient use of scarce resources, encouraging dynamic efficiency, and working in the best interests of consumers and society in general. China finally entered the modern antitrust era in 2008, when the Anti-Monopoly Law (AML), which had been passed in 2007, came into effect after a long gestation period of 13 years of debate. Prior to this, China had passed several laws that

Journal

Review of Industrial OrganizationSpringer Journals

Published: Feb 17, 2012

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