The relocation of automobile production and international investment patterns of major car producers are analyzed in order to test the hypothesis that the competitive pressure resulting from countries with relatively low per capita income has increased even in the production of fairly human-capital-intensive and technologically advanced goods. Taken together, the evidence tends to reject the view that the production of automobiles in traditional locations has already suffered significantly from the emergence of new suppliers. However, competition from lower-income countries is likely to become fiercer in the future.
- multinationale utomobilunternehmen
- neue Anbieter