The re-emergence of state capitalism around the world in recent years has challenged the world trade regime in many respects. In particular, the practice of state-owned banks (SOBs), which funds the policy advancement of state capitalist countries, has challenged the subsidy regime of the World...

Comparative studies of control transaction regimes mostly compare between the Market Rule as adopted in the U.S. and the General Offer Rule ad adopted in European Union, while paying less attention to the Partial Offer Rule, a middle way model adopted in many East Asian countries such as Japan,...