1945

Foreword

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The automotive components sector forms the backbone of the automotive industry. The small and medium-sized enterprises (SMEs) that make up this sector, especially in developing countries, generate large-scale employment. Furthermore, its forward and backward linkages to a variety of other industries and sectors give it a key position in the economy. It is for this reason that developing countries seeking rapid growth through industrialization often target and promote it as a strategic sector.

Related Subject(s): International Trade and Finance
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