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The Institutional Development of the European Union and the Automobile Industry

In: Korean Automotive Foreign Direct Investment in Europe

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  • Jae Hoon Hyun

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.

Suggested Citation

  • Jae Hoon Hyun, 2003. "The Institutional Development of the European Union and the Automobile Industry," Palgrave Macmillan Books, in: Korean Automotive Foreign Direct Investment in Europe, chapter 3, pages 30-58, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51094-4_3
    DOI: 10.1057/9780230510944_3
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