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Effects of the Crisis On The Automotive Industry in Developing Countries : A Global Value Chain Perspective / Van Biesebroeck, Johannes
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Van Biesebroeck, Johannes
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Aftermarket.
- Aggregate demand.
- Debt Markets.
- Domestic market.
- Economic Theory & Research.
- Emerging market.
- Emerging markets.
- Finance and Financial Sector Development.
- International trade.
- Inventories.
- Labor market.
- Labor Policies.
- Macroeconomics and Economic Growth.
- Market share.
- Markets and Market Access.
- Mass market.
- Microfinance.
- New product development.
- Purchasing.
- Sale.
- Sales.
- Social Protections and Labor.
- Substitute.
- Supplier.
- Suppliers.
- Supply contracts.
- Surplus.
- World markets.
- Local Subjects:
- Aftermarket.
- Aggregate demand.
- Debt Markets.
- Domestic market.
- Economic Theory & Research.
- Emerging market.
- Emerging markets.
- Finance and Financial Sector Development.
- International trade.
- Inventories.
- Labor market.
- Labor Policies.
- Macroeconomics and Economic Growth.
- Market share.
- Markets and Market Access.
- Mass market.
- Microfinance.
- New product development.
- Purchasing.
- Sale.
- Sales.
- Social Protections and Labor.
- Substitute.
- Supplier.
- Suppliers.
- Supply contracts.
- Surplus.
- World markets.
- Physical Description:
- 1 online resource (31 pages)
- Other Title:
- Effects Of The Crisis On The Automotive Industry In Developing Countries
- Place of Publication:
- Washington, D.C., The World Bank, 2010
- System Details:
- data file
- Summary:
- This paper applies global value chain analysis to study recent trends in the global automotive industry. The authors pay special attention to the effects of the recent economic crisis on the industry in developing countries. The principal finding is that the crisis has accelerated pre-crisis trends toward greater importance of the industry in the South. More rapid growth of car ownership is the impetus, but the co-location and close interaction of suppliers and lead firms in this industry is an important catalyst. Opportunities to move up in the value chain for suppliers in emerging economies have proliferated and are likely to become even stronger now that an increasing number of new models are developed specifically for markets in developing countries. The co-location of assembly and parts plants in national and regional production systems has largely confined the impact of sales declines during the crisis to each country/region. In addition, the different development strategies followed by countries like Mexico, China, and India are slowly converging as their industries gain size and independence.
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