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Competition policy and enforcement have promoted two fundamental aspects of reform in Korea: increased reliance on markets rather than central government direction to drive growth and increased openness and transparency of public institutions and major private enterprises. Korea’s independent competition agency, the Korea Fair Trade Commission (KFTC), plays a central role in major reform efforts, and it has stepped up its enforcement
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US competition policy is grounded in principles of economics and has been a powerful tool in regulatory reform. Competition law enforcement and policy advice have played central roles in successful efforts over the last 20 years to reform and often eliminate anti-competitive economic regulation of transport, energy, telecommunications, and services.
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This Report responds to the 1995 request by OECD Ministers that the OECD examine the significance, direction, and means of reform in regulatory regimes in Member countries.
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A major challenge of economic transition in central and eastern European countries is creating the institutional framework crucial to market operation. OECD Economic Studies No. 25.
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This glossary of terms frequently used in the field of industrial organisation economics and competition law has been compiled for pedagogical and training purposes.
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Do market failures justifies subsidies? OECD Economic Studies No. 14.
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This article relates price flexibility to the competitive environment facing firms in different countries and sectors. OECD Economic Studies No. 6.