Market Division and Industrial Structure: Strategies for the Competitive Edge of the German Steel Industry in the Ninetheenth Century

Young Goo Park
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Young Goo Park: Pusan University of Foreign Studies

Korean Economic Review, 1999, vol. 15, 235-252

Abstract: Prohibitive tariff walls, initiativeness in introducing the Thomas process, or export-market first strategy was obviously important for the competitive edge of the German steel industry in nineteenth-century international markets, as have been usually pointed out until now. But the decisive factor for the competitive edge of the German steel industry was, rather, the German strategy of demand expansion through market division in two aspects, in other words the formation of the Germany-type heavy industry structure which made the adoption of the Thomas process and the mass production of steel, and the cost reduction to the competitive level possible. This paper shows domestic demand market and market division are important for a late-comer to be able to secure an industrial competitive edge in the international market.

Keywords: Market Division; Industrial Structure; German Steel Industry (search for similar items in EconPapers)
JEL-codes: L6 N6 O1 (search for similar items in EconPapers)
Date: 1999
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