Motor Industry Policies in Emerging Markets: Globalisation and the Promotion of Domestic Industry

For much of the 1990s, vehicle production and sales grew rapidly in the emerging markets, while the vehicle markets of the Triad economies stagnated. From 1990 to 1997, vehicle sales in the major emerging markets grew by 92 per cent, and production by 99 per cent. Over the same period, sales and production in the Triad economies rose by 1 per cent and 4 per cent respectively (Fourin, 1998).1 In this period, total vehicle sales in the Triad grew by 230000, while sales in the major emerging markets grew by 3.9 million. Not surprisingly, production and sales in the emerging markets were expected to rise considerably in the early part of the 21st century.