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A Successful Transformation?Conclusion

A Successful Transformation?: Conclusion 8 Conclusion The study of the Czech automobile industry presented in this book was set in the context of the post-socialist transformation of the automobile indus- try in CEE as a whole. The past two decades represented an important wa- tershed in the development of the CEE automobile industry. Development of the passenger car industry during the state socialist period was only par- tially successful in narrowing the historical gap between CEE and the de- veloped capitalist countries. CEE development strategies in the automobile industry led to a substantial increase in the number of vehicles produced. However, the quality of these cars was generally inferior to those produced in the capitalist West. With respect to passenger cars, development was overwhelmingly focused on the production of inexpensive compact and sub-compact cars. The weaknesses inherent in these development strate- gies were fully exposed in the early 1990s, leading to a region-wide pro- duction collapse in car manufacturing in CEE. The passenger car industry was less affected by this collapse than the rest of the automobile industry, and Russia’s passenger car industry was affected less than the rest of the region because of its large domestic market. In this book, I have http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Successful Transformation?Conclusion

Part of the Contributions to Economics Book Series
Pavlínek, Petr
Springer Journals — Mar 4, 2008
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9 pages

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Publisher
Physica-Verlag HD
Copyright
© Physica-Verlag Heidelberg 2008
ISBN
978-3-7908-2039-3
Pages
257 –265
DOI
10.1007/978-3-7908-2040-9_8
Publisher site
See Chapter on Publisher Site

Abstract

8 Conclusion The study of the Czech automobile industry presented in this book was set in the context of the post-socialist transformation of the automobile indus- try in CEE as a whole. The past two decades represented an important wa- tershed in the development of the CEE automobile industry. Development of the passenger car industry during the state socialist period was only par- tially successful in narrowing the historical gap between CEE and the de- veloped capitalist countries. CEE development strategies in the automobile industry led to a substantial increase in the number of vehicles produced. However, the quality of these cars was generally inferior to those produced in the capitalist West. With respect to passenger cars, development was overwhelmingly focused on the production of inexpensive compact and sub-compact cars. The weaknesses inherent in these development strate- gies were fully exposed in the early 1990s, leading to a region-wide pro- duction collapse in car manufacturing in CEE. The passenger car industry was less affected by this collapse than the rest of the automobile industry, and Russia’s passenger car industry was affected less than the rest of the region because of its large domestic market. In this book, I have

Published: Mar 4, 2008

Keywords: Foreign Investor; Automobile Industry; Parent Company; Foreign Capital; Foreign Ownership

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