The Political Economy of Automotive Industrialization in East Asia

Despite starting from equally low levels of performance and initially similar strategies, the seven most prominent auto industries in East Asia outside Japan have ended up with strikingly different types and levels of development. This book argues that factors such as market size and economic policies alone cannot explain this puzzle. Instead, the book highlights the significance of two sets of factors: the very different institutional capabilities required to formulate and carry out policies; and the political pressures that help to explain the emergence of these capabilities.