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Crisis and protection in the automotive industry: a global value chain perspective

Timothy J. Sturgeon and Johannes Van Biesebroeck ()

No 5060, Policy Research Working Paper Series from The World Bank

Abstract: In this paper the authors apply global value chain (GVC) analysis to recent trends in the global automotive industry, with special attention paid to government interventions triggered by the recent economic crisis. The authors first highlight some of the defining characteristics of GVCs in this important industry, especially the unusually strong regional structure of production and sales. National political institutions create pressure for local content, which drives production close to end markets, where it tends to be organized nationally or regionally. They then examine policy reactions to the recent economic crisis, and provide some discussion of the government interventions in the industry. The authors end with a number of policy conclusions that highlight the likely impact of the interventions on the evolution GVCs and the growth of the industry in developing countries.

Keywords: Markets and Market Access; Economic Theory&Research; Labor Policies; Water and Industry; Debt Markets (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse and nep-mic
Date: 2009-09-01
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