Competition Policy and Law in China, Hong Kong and Taiwan

This is the first book in English to comprehensively examine competition policy and law in Greater China - the People’s Republic, Hong Kong, and Taiwan. The evolution of pro-competition policies in each jurisdiction is traced in the context of the international developments in competition policy adoption by developing and transitional economies as well as the advocacy of competition adoption by international organizations - WTO, OECD, UNCTAD, the World Bank and the IMF. The particular political and economic settings of China, Hong Kong, and Taiwan are examined, laws and policies analyzed and an assessment made of the success of competition law adoption. China’s considerable governance problems are highlighted. Hong Kong’s claim to be the paradigm of capitalist-free markets is critically examined. Taiwan’s shift in economic and political arrangements are analyzed. A theoretical explanation of the observed phenomena is proposed that without a functioning democratic system, successful competition policy adoption is unlikely to succeed.