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The Institutional Development of the European Union and the Automobile Industry

Jae Hoon Hyun

Chapter 3 in Korean Automotive Foreign Direct Investment in Europe, 2003, pp 30-58 from Palgrave Macmillan

Abstract: Abstract Recent years have seen substantial international restructuring within the automobile industry in Europe. This restructuring has been influenced by European economic integration. This chapter outlines the institutional development of the EU with particular reference to the specific instruments of economic integration and various measures affecting the automobile industry. Another focus of this chapter is the economic consequences of integration on external entities. Based on evidence suggested in this chapter, it is conceivable that the SEM is becoming less accessible to companies from outside the region. Various rules and regulations could be interpreted as barriers. Together with dynamic effects within the internal market which might generate opportunities for outsiders, this adverse effect requires external entrants to tune their corporate strategies in Europe.

Keywords: Member State; Automobile Industry; Economic Integration; European Central Bank; Price Discrimination (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51094-4_3

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DOI: 10.1057/9780230510944_3

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