How do governments regulate business? Is liberalisation transforming the region? In this meticulously researched study, the authors analyse often thorny issues of industrial organization, competition policy and liberalisation in the Asia Pacific region. Case studies of the energy, telecommunications and transport sectors in a number of countries lend empirical weight to the discussion of policy issues. This volume is based on papers presented at the Twenty-third Pacific Trade and Development Conference (PAFTAD) held in 1996.