We discuss the challenges of implementing the technological neutrality principle in converging technologies. The main findings are as follows. First, when industries converge and they are subject to extreme regulatory asymmetries, a cross-industry regulatory transmission mechanism emerges. In...

Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Competition has an important role to play in achieving such gains. However, Korea’s development strategy has tended to weaken competition and has left a legacy of government...

Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many...