| ID | 124893 |
| Title Proper | Fragmented liberalization in the Chinese automotive industry |
| Other Title Information | the political logic behind Beijing Hyundai's success in the Chinese market |
| Language | ENG |
| Author | Oh, Seung-Youn |
| Publication | 2013. |
| Summary / Abstract (Note) | This paper explains the extraordinary rise of the Beijing Hyundai Motor Company (BHMC), a joint venture between a state-owned enterprise run by the Beijing municipal government and Hyundai Motor Company. Within the span of three years, the BHMC soared to become China's second-ranked automotive manufacturer in terms of units sold. I highlight the role of the Beijing municipal government in creating favourable market conditions for the BHMC during its initial operation phase (2002-2005). The Beijing municipal government selectively adopted protectionist measures and liberalizing measures to promote its locally based company. I characterize this practice as fragmented liberalization, a system through which sub-national governments discriminately apply WTO or central government regulations to promote their local joint venture partner. In so doing, I also challenge the existing assumption that multinational companies are the drivers of economic liberalization, by showing Hyundai's support for local protectionism and industrial policy at the sub-national level. |
| `In' analytical Note | China Quarterly Vol. No.216; 2013:p.920-945 |
| Journal Source | China Quarterly Vol. No.216; 2013:p.920-945 |
| Key Words | World Trade Organization ; Liberalization ; Local Government Industrial Policy ; State-Owned Enterprises ; Auto Industry ; Beijing Hyundai ; China ; Chinese Market ; Economic Strategy ; Urban Development - China ; Growth and Development ; Economic Development ; Beijing Hyundai Motor Company - BHMC ; Economics ; State Policy - China ; Automotive Industry ; Fragmented Liberalization - China |