Global Automotive Industry

Paper Summary:

This paper presents an overview of the current automobile production market in the United States. It compares it to the situation at the beginning of last century and shows how production needs have changed in the global market. The paper discusses how the decision factors which American policy makers face, include the effects of the American monetary policy on the global automotive market, the effect of imports on the American economy, and the openness of foreign markets to American goods. In addition, it shows how public policy makers must also be concerned with the political ramifications of their actions and the political overtones of American participation in foreign trade.

From the Paper:

"It can be argued that the twentieth century witnessed the greatest expansion of international trade in history. Advances in telecommunications, transportation and finance have made it possible for American consumers to purchase Japanese cars manufactured in Mexico. This move toward globalization has taken place because companies are eager to explore markets beyond their borders. It has also taken place because of the infrastructure which has developed in financial markets which makes it possible to fund capital expansion in foreign countries."

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• Term Paper # 116161 : "Sustainability in the Automotive Industry"

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