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Unformatted text preview: f legislation and
there are few obvious measures to take (with the
exception, perhaps, of allowing greater flexibility for
agencies placing short-term and temporary workers and of improving the portability of pensions). Change
will be driven by firms’ economic necessity and its
pace will depend on the interaction with other
features of the system.
The general system of industrial organization is
undergoing some change, but results so far are
modest. The inadequacies of the Antimonopoly
Law have been known for a long time, but political
and bureaucratic in-fighting over this turf make
change unpredictable and slow (Iyori and Uesugi,
1994). As part of the legal-system reform agenda of
the 1990s, competition law has come under scrutiny
again. Though specific changes are few, some legal
observers see a sea-change in attitudes to enforcement. The much-heralded introduction of the previously outlawed holding-company structure, however, has had little discernible impact so far. Some
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This note was uploaded on 02/03/2014 for the course ECON 204 taught by Professor Devero during the Summer '13 term at American University of Sharjah.
- Summer '13