Crisis and Protection in the Automotive Industry : A Global Value Chain Perspective

Sturgeon, Timothy J. ; Van Biesebroeck, Johannes

关键词: AGGREGATE DEMAND;    AGRICULTURE;    BAILOUT;    BAILOUTS;    BANK HOLDING;   

DOI  :  10.1596/1813-9450-5060
RP-ID  :  WPS5060

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

In this paper the authors apply globalvalue chain (GVC) analysis to recent trends in the globalautomotive industry, with special attention paid togovernment interventions triggered by the recent economiccrisis. The authors first highlight some of the definingcharacteristics of GVCs in this important industry,especially the unusually strong regional structure ofproduction and sales. National political institutions createpressure for local content, which drives production close toend markets, where it tends to be organized nationally orregionally. They then examine policy reactions to the recenteconomic crisis, and provide some discussion of thegovernment interventions in the industry. The authors endwith a number of policy conclusions that highlight thelikely impact of the interventions on the evolution GVCs andthe growth of the industry in developing countries.