Andreas Moerke, German Institute for Japanese Studies, Tokyo; Mark Tilton, Purdue University and Woodrow Wilson Center; Jay Tate, University of California at Berkeley

After years of economic sluggishness, Japan and Germany are confronting the question of how much to liberalize their economies. How free should markets be? How fast and how far should deregulation go? In what ways are relations among firms changing to adapt to increased competition? This panel will compare the impact of international trade in the two countries, paying particular attention to competition policy in the key industry of telecommunications.