Industrial Policy and Market Structure
Korean Auto Assembly
Bibliographic Data
| ID | 10833342 |
|---|---|
| Authors | Richard M Auty (Lancaster University, corresponding author) |
| Year | 1996 |
| Volume | 87 |
| Issue | 5 |
| Pages | 419-430 |
| Publication date | 1996-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Tijdschrift voor Economische en Sociale Geografie (JOURNAL) |
| Journal identifiers | ISSN: 0040-747X • E-ISSN: 1467-9663 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1467-9663.1998.tb01574.x |
| OpenAlex | W2013628573 |
| Language | EN |
| References cited | 15 |
Mass production technology began to confer comparative advantage in auto assembly on newly industrializing economies (NIES) in the 1980s, but the economies of scale and scope of the firm remain significant. Most NIE entrants face home markets which are still too small to support a single world scale firm. Their entry into auto assembly was premature and it has created pressure to prolong state support for the ‘infant’ sector. This, in turn, has led to policy capture, the Achilles heel of industrial policy, which can result in substantial welfare losses. Korea suggests that the maturation of auto assembly may proceed faster if governments confine themselves to promoting domestic assemblers through strategic alliances with global firms, using anti‐trust mechanisms to prevent abuses of market power
Auto industry · Automotive industry · Business · Comparative advantage · Economics · Industrial organization · Industrial policy · International economics · International trade · Market economy · Market power · Scope (computer science · Asian Industrial and Economic Development · Global trade and economics · Global trade, sustainability, and social impact
Export subsidies and international market share rivalry
International Investment and International Trade in the Product Cycle
Developing countries and the future of the automobile industry
Democracy and the “Washington consensus”
The poverty of ‘Development Economics’
Emerging Competitiveness of Newly Industrializing Countries in Heavy and Chemical Industry
Industrialization and the Big Push
Public Sector Employment, Rent Seeking and Economic Growth
Economies of Scale in Manufacturing Industry
Governing the Market
| Citation velocity | historical |
|---|---|
| Highly cited | No |