The inadequacies of the antimonopoly law have been

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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 other chang...
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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.

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