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From rule-taker to rule-promoting regulatory state: South Korea in the nearly-global competition regime

Title
From rule-taker to rule-promoting regulatory state: South Korea in the nearly-global competition regime
Authors
Cho M.Büthe T.
Ewha Authors
조무형
SCOPUS Author ID
조무형scopus
Issue Date
2021
Journal Title
Regulation and Governance
ISSN
1748-5983JCR Link
Citation
Regulation and Governance vol. 15, no. 3, pp. 513 - 543
Keywords
antitrustcompetition law and policyglobal economic governanceregulatory stateSouth Korea
Publisher
Blackwell Publishing
Indexed
SSCI; SCOPUS WOS scopus
Document Type
Article
Abstract
When rapid economic growth catapults a country within a few years from the margins of the global economy to middle power status, does global regulatory governance need to brace for a challenge to the status quo? To answer this question, we extend the power transition theory of global economic governance to middle powers: A rising middle power should be expected to challenge the international regulatory status quo only if increasing issue-specific strength of its regulatory state coincides with preferences that diverge from the preferences of the established powers, which are enshrined in the status quo. We examine this argument empirically, focusing on South Korea in the realm of competition law and policy. We find that South Korea, a non-participant in the international competition regime until the 1980s, developed in the 1990s substantial regulatory capacity and capability and thus “spoiler potential.” At the same time, however, its policy preferences converged upon the norms and practices established by the United States and the European Union, albeit with some distinct elements. Under these conditions, we expect a transition from rule-taker to rule-promoter. We find that South Korea has indeed in recent years begun to actively promote well-established competition law and policy norms and practices – supplemented by its distinct elements – through technical assistance programs, as well as various bilateral channels and multilateral institutions. The findings suggest that the power transition theory of global economic governance is usefully applicable to middle powers, too. © 2021 John Wiley & Sons Australia, Ltd
DOI
10.1111/rego.12398
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사회과학대학 > 정치외교학전공 > Journal papers
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