英文摘要 |
The automotive industry is considered as one of the important drivers for developing countries in the area of political economy. As Southeast Asia emerged as a new area for development, countries within the region mark its way in developing its industry each having varying experiences. The Thailand Automotive Industry and the Malaysian Automotive Industry experience can be hailed for the success story. However, the Philippines, once cited for its robust growth during the 1950s has a different story. Statistics showed that a recent sale of new cars is comparable only to Thailand's figure 20 years ago. The sales volume of old cars is twice as much as the new cars resulting to a stagnant operation for Japanese and other MNC. This paper narrates the failure of the Philippine Automotive Industry in the context of political economy. This paper argues that long-term ISI (Import Substitution) strategy coupled with restrictions, are detrimental to the economic performance of the Philippines. Likewise, political and economic factors are the main reasons for the failure of the Philippine automotive industry. |