In order to explore the answer to above question, it is required to understand first the nature of car manufacturing industries. Once the same is understood clearly, perhaps the answer to the question raised would come faster…
Download file to see previous pages...
Some of the characteristics of the automobile industry can be described as under.
• Automobile industry is highly capital and labour intensive.
• There are hundreds and thousands of components, which are outsourced from other ancillary industries.
• The big auto manufacturers do manufacture some of the parts but they cannot produce each and every part. They have to rely on other suppliers, which can give assured and quality supply consistently.
• Replacement of the parts is a huge and lucrative market.
(The Industry Handbook: Automobiles)
Current Economic Scenario
World demand of the cars is now coming from the rapidly growing developing economies. The countries like China, India, and Brazil are growing at the average rate of 7-8 percent. China is registering even double digit growth rate for last several years. Such a high rate of growth creates a huge demand for automobiles in those markets. Automobile market is now driven through these new markets while the demand in the old traditional market of U.S. and Europe is more or less stagnating. (The Wall Street Journal- Auto Sales 2010)
It will be pertinent to note that in 1960, companies like GM, Ford, and Chrysler sold almost 90% of the cars in the US market; currently their market share is about 47%. It can be deduced that most cars that Americans bought were not manufactured by the big three. (Manzi 2008)
...Download file to see next pagesRead More
It focuses on key employment issues generating in the Australian soil pertaining to unfair trade practices at the workplace and the reduction of the power of trade unions. To this end, several theories of employment relations are analysed to understand the potential of the subject in regards to the emerging business situation in the region of Australia.
The term psychology originated from the Greek word psyche, after the name of a lady in one Greek legend about love and immortality (O’Boyle, 2006). The Greek psyche means “mind” and the other Greek word logos, which means “study” or knowledge”, as explained in Nevid (2009).
Everybody has a need to belong to a group, and this marginalization can be very painful. One example of social exclusion, that is psychological, is discrimination and racism. The in group may, intentionally or unintentionally, make the out group feel victimized and excluded.
This marked the growth of the car industry. Various countries began to manufacture cars seeing the potential for the industry. The development of technology and the availability of skilled labours were the
Many socialists have launched a crusade on the principle of authority. Authority in this case means imposing the will of another on ours. This presupposes the subordination and ascertaining of the ways to dispense the
Stable political system and reliable resources are other factors that have made Shanghai a suitable participant in international trade. International trade has brought about many positive changes in the city
In addition, he highlighted the importance of a worker in the national economy. His ideas demonstrated a noble desire of ensuring that each member of society gets a dignified human existence. An evaluation of the societies that adopted his ideals demonstrates that they
pleasure and therefore, our values, identities and interests and that those preferences depend on a chain of political choices and processes that in turn shape our culture (1997).
The relationship between popular culture and politics is cofounded on passion but the connection
12 Pages(3000 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Which trade theories can help us understand the distribution of car production in the world economy for FREE!