Disruptive change in a leading sector: Relocation, business models and technological revolution in the global automotive industry

A new global economy has emerged in recent decades. While globalization was continuously expanding, many manufacturing activities were relocated from their countries of origin to developing economies with the aim of cutting costs. Nonetheless, as this model is increasingly being called into question —and the concept of post-globalization gains traction— greater attention is now being paid to the location of manufacturing activity for the creation of production linkages, the development of scientific and technological capacities and the dynamism of innovation in national economies (Pisano and Shih, 2009). International enterprises place ever-greater value on these factors in their location decisions; and several advanced countries have renewed their interest in industrial policy to boost the competitiveness of their manufacturing sector.

Related Subject(s): International Trade and Finance
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