IDEAS home Printed from https://ideas.repec.org/a/taf/bushst/v52y2010i2p207-230.html
   My bibliography  Save this article

Strategic policy revisited: The origins of mass production in the motor industry of Argentina, Korea and Spain, 1945-87

Author

Listed:
  • Jordi Catalan

Abstract

During the postwar 'golden age' of economic growth, Argentina, Korea and Spain promoted the development of their motor industries by restricting imports, licensing investment, imposing a high level of local sourcing for parts, and supporting their own national champions. These strategic policies took advantage of economies of scale, achieving significant increases in output, and creating dynamic competitive advantage. Sudden liberalisation or the high volatility of the macroeconomic environment could jeopardise the process of structural change. Gradual evolution of policy-making and the cumulative learning of capabilities by the national champions were crucial for long-term success. The present research supports both List's classical defence of protection for infant industries in medium-large economies and more recent claims in favour of strategic policy.

Suggested Citation

  • Jordi Catalan, 2010. "Strategic policy revisited: The origins of mass production in the motor industry of Argentina, Korea and Spain, 1945-87," Business History, Taylor & Francis Journals, vol. 52(2), pages 207-230.
  • Handle: RePEc:taf:bushst:v:52:y:2010:i:2:p:207-230
    DOI: 10.1080/00076791003611863
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/00076791003611863
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Truett, Lila J. & Truett, Dale B., 2014. "The South Korean auto industry's path to maturity," International Review of Economics & Finance, Elsevier, vol. 31(C), pages 86-94.
    2. Tomas Fernandez-de-Sevilla, 2011. "Responses to a crisis: FASA-Renault in Spain during the 1970s," Working Papers in Economics 261, Universitat de Barcelona. Espai de Recerca en Economia.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:bushst:v:52:y:2010:i:2:p:207-230. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/FBSH20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.