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Tilt the Playing Field

In: BIG in Asia

Author

Listed:
  • Michael Backman
  • Charlotte Butler

Abstract

Few Asian markets are level playing fields, and, if they were, few local companies would be able to compete successfully with competitors from outside. During the past 30 years, the ethnic Chinese conglomerates in Southeast Asia, the chaebol in South Korea, the state-owned enterprises in China and the keiretsu companies in Japan operated behind protective barriers which foreign firms found almost impossible to breach. Those hardy or foolhardy firms that did succeed in entering markets in the region then found themselves up against every kind of obstacle from government monopolies, preferential tariffs, provincial and local interests, bureaucracy, local rules and controls, not to mention barriers linked with differing ethical standards.

Suggested Citation

  • Michael Backman & Charlotte Butler, 2003. "Tilt the Playing Field," Palgrave Macmillan Books, in: BIG in Asia, chapter 0, pages 198-209, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-4039-1448-4_16
    DOI: 10.1057/9781403914484_16
    as

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