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Shifting gears: industrial policy and automotive industry after the 2008 financial crisis

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  • Oh Seung-Youn

    (Bryn Mawr College, Dalton Hall 100 G, 101 N. Merion Avenue, Bryn Mawr, PA 19010, USA)

Abstract

Apart from being one of the hardest hit sectors during the 2008 financial crisis, the auto sector is also a prominent sector where emerging auto markets such as China have fared relatively well compared to their competitors in North America and Europe. This paper examines various ways that nations have shifted their policy gears to revive and restructure the automotive industry by using the case studies of the USA, France, and China. New sets of policy initiatives are contingent on particular industrial and institutional contexts, but both developed and developing countries have employed wide range of “murky” protectionist measures. This makes it unlikely for the WTO member countries to take a naming and shaming approach and file a case at the WTO level, which poses challenges to the WTO rules and trade liberalization.

Suggested Citation

  • Oh Seung-Youn, 2014. "Shifting gears: industrial policy and automotive industry after the 2008 financial crisis," Business and Politics, De Gruyter, vol. 16(4), pages 1-25, December.
    • Handle: RePEc:bpj:buspol:v:16:y:2014:i:4:p:25:n:4
    DOI: 10.1515/bap-2014-0015
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    References listed on IDEAS

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    1. Grossman, Gene M & Helpman, Elhanan, 1994. "Protection for Sale," American Economic Review, American Economic Association, vol. 84(4), pages 833-850, September.
    2. Claire Brunel & Gary Clyde Hufbauer, 2009. "Money for the Auto Industry: Consistent with WTO Rules?," Policy Briefs PB09-4, Peterson Institute for International Economics.
    3. Dirk Pilat & Agnès Cimper & Karsten Bjerring Olsen & Colin Webb, 2006. "The Changing Nature of Manufacturing in OECD Economies," OECD Science, Technology and Industry Working Papers 2006/9, OECD Publishing.
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    Cited by:

    1. Aggarwal Vinod K. & Evenett Simon J., 2014. "Do WTO rules preclude industrial policy? Evidence from the global economic crisis," Business and Politics, De Gruyter, vol. 16(4), pages 1-29, December.

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