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Published by: Harvard Business Publishing
Originally published in: 1999
Version: 29 November 2000

Abstract

Programs of economic liberalization often lead to dramatic changes in industry structure. This note presents excerpts from several research papers that summarize findings on how industries evolve following abrupt policy reforms. The note is organized into seven sections. The first introduces the concept of competitive shocks and briefly discusses their prevalence. Subsequent sections discuss typical patterns of industry transformation, entry and exit, changes in concentration levels, and changes in foreign presence (defined as imports plus sales of foreign- owned plants).

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Abstract

Programs of economic liberalization often lead to dramatic changes in industry structure. This note presents excerpts from several research papers that summarize findings on how industries evolve following abrupt policy reforms. The note is organized into seven sections. The first introduces the concept of competitive shocks and briefly discusses their prevalence. Subsequent sections discuss typical patterns of industry transformation, entry and exit, changes in concentration levels, and changes in foreign presence (defined as imports plus sales of foreign- owned plants).

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