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1691. China, the United States, and the Changing Global Architecture

Author:
Seungjoo Lee
Publication Date:
03-2012
Content Type:
Working Paper
Institution:
East Asia Institute (EAI)
Abstract:
With the prospect of leadership change in China and the United States in 2012, the possibility for instability and uncertainty in the East Asia region is high. Despite such concerns, it is expected that the current structure of global governance will mitigate the difficulties associated with this period of transition. Considering the importance of global governance, it becomes necessary then to follow the changes in the global and regional architecture and think about how South Korea should meet this challenge. The trio of closely-related summit meetings that took place in November 2011 was such an occasion in which China and the United States grappled to shape the regional and global architecture. These meetings included the G20 Cannes summit on November 3, the Asia-Pacific Economic Cooperation (APEC) summit on November 12, and the East Asia Summit (EAS) on November 19. It is important to focus on the fact that during these meetings Beijing and Washington had the chance to examine the intention and capability of each other. In that sense, these meetings were akin to that of a boxing match fought over three rounds using not force but the complex elements of international politics in the twenty-first century that interact to design the regional and global architecture. These elements include power politics in international relations, cooperation and conflict in institutions and networks, and the knowledge power which allows for a consensus among countries by sharing the vision of a new order.
Topic:
Foreign Policy, Globalization, Hegemony, and Leadership
Political Geography:
China, Asia, North America, and United States of America

1692. Chinese Interest on the Korean Peninsula and the Future of North Korea

Author:
Andrei Lankov
Publication Date:
03-2012
Content Type:
Working Paper
Institution:
East Asia Institute (EAI)
Abstract:
Few people would doubt that the continuing rise of China is the single most influential factor in the evolving geostrategic position of Korea. Over the last 35 years, China has experienced a period of rapid economic growth which is probably without parallel in world economic history, and this period is not over. While China is still far from being in a position to challenge global US hegemony, it is quite possible that it will play a dominant role in East Asia, especially if ongoing changes in the world economy press the US into reducing military spending and downsizing its global role. Indeed, in the last few years China loomed increasingly large in issues of the North Korean politics. Some of the most controversial political problems of present-day Korea are clearly related to China’s rise. The fate of the Jeju naval base, whichever is officially stated, largely depends on whether Korea will eventually chose to balance against or bandwagon with rising China. The problem of the forced deportation of the North Korean refugees attracted much attention of the Korean public to the issues of human rights in China – perhaps, first time when such issues are discussed widely. It seems that the rise of China will present Korea with many a difficult decision. In some cases, confrontation is likely to develop, but usually some kind of compromise is, probably, the best option. Like it or not, most problems in East Asia cannot be effectively solved without cooperation with (or at least the passive support of) China. This is the case with the major long-term issue of Korean politics, that is, the issue of Korean unification.
Topic:
Foreign Policy, Hegemony, Geopolitics, and Leadership
Political Geography:
China, Asia, South Korea, and North Korea

1693. The Nuclear Security Summit and South Korea’s Growing International Role

Author:
Sang-Hyun Lee
Publication Date:
04-2012
Content Type:
Working Paper
Institution:
East Asia Institute (EAI)
Abstract:
On March 26-27, 2012, South Korea successfully held the Seoul Nuclear Security Summit. This was the largest diplomatic gathering ever held in South Korea with fifty-three countries and four international non-governmental organizations participating. Alongside the summit, President Lee Myung-bak held twenty-seven bilateral talks which helped to elevate South Korea’s international role. The Seoul Summit has been judged to have produced a more concrete outcome that has strongly supported the achievements made at the Washington Summit in 2010. The result is the Seoul Communiqué, which states that nuclear disarmament, nuclear nonproliferation, and peaceful uses of nuclear energy are the shared goals of humanity while also reconfirming the commitment to seeking a safer world for all and sharing the objective of nuclear security. Moreover, the communiqué stresses the fundamental responsibility of all countries, consistent with their respective national and international obligations, to maintain effective security of all nuclear material, which includes nuclear weapons and nuclear facilities under their control, as well as to prevent non-state actors from acquiring such materials and from obtaining information or technology required to use them for malicious purposes. The communiqué further reaffirms that measures to strengthen nuclear security will not hamper the rights of states to develop and utilize nuclear energy for peaceful purposes. With North Korea’s nuclear threat still overshadowing the Korean Peninsula, the summit had some meaningful implications. South Korea will have undoubtedly enhanced its national image from passive recipient to an active rule-maker in international norms. In preparing for the summit, the South Korea’s Ministry of Foreign Affairs and Trade (MOFAT) focused on comprehensive and action-oriented measures under the belief that by only transforming political commitments from the Washington Summit into action would guarantee the success of the summit. As a result, the Seoul Summit has demonstrated that the promises from the 2010 Washington Summit have now advanced to fruitful outcomes. The seventy-two commitments from that summit have now been almost realized with only a few still to be finalized. In addition, the Seoul Summit has proven itself to be the transition point for global nuclear security moving from political declaration to concrete implementation. The summit itself has also widened its agenda including nuclear safety, the safe use of nuclear energy and radioactive materials, therefore able to address some of the key issues raised following the Fukushima accident. Despite the achievements, some limitations are evident when looking at the preparations for the summit and its aftermath. In the build-up to the summit in South Korea, there were problems in communication between state and people. While the summit is dedicated to preventing nuclear terrorism, some questioned why South Korea was hosting a summit that did not address issues closer to home such as the North Korean nuclear issue or the U.S.-Korea nuclear energy agreement controversy. Such criticism required strong justification of why South Korea was hosting the summit. Another area of difficulty was that nuclear security itself actually lacks a clear definition even among experts. To cope with such questions, MOFAT sought for advice and creative ideas by hosting advisory board meetings during the preparation for the summit.
Topic:
Arms Control and Proliferation, Diplomacy, Nuclear Weapons, Military Strategy, and Summit
Political Geography:
Asia and South Korea

1694. Predictions on Power Structure and Policy Changes of the Kim Jong-un Regime

Author:
Chang-Hyun Jung
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
East Asia Institute (EAI)
Abstract:
The East Asia Institute takes no institutional position on policy issues and has no affiliation with the Korean government. All statements of fact and expressions of opinion contained in its publications are the sole responsibility of the author or authors. The new stage of North Korea’s leadership succession began with the rise to power of the third generation leader Kim Jong-un. On 15 April 2012, the newly-appointed First Secretary of the Workers’ Party of Korea Kim Jong-un made his first public speech during a military parade to commemorate Kim Il-sung’s centenary. It was the official announcement of the opening of the Kim Jong-un regime toward the world. A series of political events from the Meeting of Party Representatives to the Kim Il-sung centenary celebrations clearly show that the third generation of leadership is emerging as a new core power group backed by the second generation. This move means more than just a generational shift in North Korea’s power structure. It indicative of possible changes in policy lines on its internal and external affairs. Kim Jong-un conducted political reshuffles before and after the Meeting of Party Representatives in April 2012, as part of actions to implement a moderate shift in generation and to firmly secure his control over the military. Since smoothly establishing the hereditary succession process, Kim Jong-un not only moved toward assuming political leadership but also swiftly acquired a firm grip on the power elites in the party, government, and military by reorganizing and uniting power elites. It would seem Kim Jong-un’s rule is stable, at least in terms of power structure. The power structure of the Kim Jong-un regime has turned out to be a single leadership where the country is ruled by one strong man rather than a collective leadership. Instead of having “specific figures” as a regent or a guardian through a decentralization of power, North Korea seems to prefer to support the new supreme leader through “collective consultation.” The policies designed and implemented during the last three years of Kim Jong-il’s rule were in fact intended as a policy transformation process to prepare preparation for Kim Jong-un’s rule. These policy directions have been maintained since Kim Jong-un came to power. His first public speech on 15 April can be translated as an announcement on limited changes for a “knowledge-based economy.” This established a new period while inheriting the values of Jaju or independence from the Kim Il-sung era and Songun or military first politics from the Kim Jong-il era. In particular, Kim Jong-un emphasized the significance of “peace,” by stating in the speech, “for our party and the Republic’s government that consider powerful state construction and people’s livelihood improvement to be their general goal, peace cannot be more valuable.” Under Kim Jong-un’s rule with the keyword of “knowledge-based economy,” North Korea is expected to place priorities on improving people’s livelihood and will take on more flexible policy decisions from 2013 when the next administrations in South Korea and the United States will be established. As such it is an inevitable option for North Korea to rebuild its economy and attract foreign investment. Against this backdrop, the administrations in South Korea and the United States should not pressure North Korea but rather wait and respond calmly until the policy lines of the Kim Jong-un regime on economic change and openness are clearer. Above all the first priority should be placed on stable management of North Korean issues, given that many of the participants of the Six-Party Talks will enter into power transition process at the end of 2012. First, the U.S. administration needs to resume contacts with North Korea in order to implement the Leap Day Deal in which Pyongyang would place a moratorium on missile and nuclear tests, as well as freeze its nuclear programs. If the diplomatic pressure from the international community successfully leads North Korea to give up its nuclear activities and ease tensions, it would create the right environment for the resumption of the Six-Party Talks. Second, it will be worthwhile establishing contact through high-level channels to develop a clearer picture of what are Kim Jong-un’s intention regarding North Korea’s nuclear activities. In providing new opportunities for the North Korean leadership, a policy shift by Pyongyang may take place. Third, it is important that the Lee Myung-bak administration reopens channels for inter-Korean talks even at low-level so as to not leave too much of a burden for the next administration. Offering to hold inter-Korean family reunions for the second half of the year 2012 would be a good start. Fourth, the next administration in South Korea should be committed to establishing a more sustainable North Korean policy that can maintain consistency regardless of any power shift by comprehensively reflecting public opinion during a time when conflict among South Koreans on approaches toward North Korea is becoming worse. Whoever comes into power in South Korea after the presidential election, the main agenda of inter-Korean relations will be on the next inter-Korean Summit. Kim Jong-un has already expressed his willingness to talk, stating “(we) will go hand in hand with anyone who truly desires the country’s reunification and peaceful prosperity.” If the third inter-Korean Summit can be held in 2013, it would be a significant breakthrough in building confidence between two Koreas and solving the North Korean nuclear crisis as well as making progress toward peaceful coexistence.
Topic:
Diplomacy, Regional Cooperation, Authoritarianism, and Leadership
Political Geography:
Asia, South Korea, and North Korea

1695. DPJ’s Broken Promise and the End of the Anti-Koizumi Era in Japan

Author:
Junghwan Lee
Publication Date:
08-2012
Content Type:
Working Paper
Institution:
East Asia Institute (EAI)
Abstract:
The Democratic Party of Japan (hereafter DPJ) has ruled Japan since 2009 but is now at risk with Ozawa Ichiro’s departure from the DPJ only after three years. On July 2, 2012, Ozawa, former DPJ president and influential figure in DPJ intraparty dynamics, announced his departure from the DPJ with 49 fellow Diet members. He and his fellows have criticized the DPJ’s election manifesto and fundamental identity as being broken with Prime Minister Noda Yoshihiko’s effort to raise the consumption tax. A split of Ozawa’s group from the DPJ seemed inescapable when Ozawa and 56 fellows voted against a bill for a consumption tax hike in the Lower House on June 26, 2012. Noda’s continued support for the consumption tax hike and Ozawa’s reactive choice to break away have increased political uncertainty in Japan. Japan may undergo Diet dissolution and a general election this fall due to the divided DPJ. How can we understand the DPJ’s endogenous collapse and what will be the impact of this political upheaval on Japan’s political future? I argue that DPJ solidarity did not have a strong foundation beyond an anti-Koizumi framework and that there was no intraparty consensus on some DPJ leaders’ new policy agenda, which is not related to the anti-Koizumi framework. When Koizumi Junichiro aggressively enhanced neoliberal structural reforms in the early 2000s, DPJ politicians were at first perplexed because Koizumi’s key agendas were well matched with their “small government” orientation. However, they soon found a solution for the anti-Koizumi framework with a doctrine for “more universal welfare without a tax hike” under the leadership of Ozawa. The DPJ’s differentiation from Koizumi’s Liberal Democratic Party (hereafter LDP) was successful in the 2007 Upper House election and the 2009 Lower House election. However, Kan Naoto and Noda have tried to deviate from an Ozawa-led manifesto of no tax hike since 2010 because they found that a stable universal welfare system demands sound fiscal conditions and that a consumption tax increase is the only way of relieving the huge fiscal deficit problem. When the anti-Koizumi was exhausted as a core driving force of DPJ solidarity, the DPJ had become stuck in diverging policy orientations between fiscal soundness and no tax hike—and finally split. The divided DPJ symbolizes the end of the anti-Koizumi era in Japanese politics. Koizumi’s structural reform has dominated the discourse of Japanese politics in the last decade. However, the end of the anti-Koizumi era never means the rise of new discourse of Japanese politics. Since the DPJ and the LDP lost their differences on policy orientations, the stable two-party competition structure is dwindling in Japan. The more crucial point is that Japanese political leaders do not have new visions for Japan’s future political economic model beyond Koizumi’s structural reform and the anti-Koizumi framework’s emphasis on welfare.
Topic:
Reform, Elections, Domestic politics, and Welfare
Political Geography:
Japan and Asia

1696. A Gilded Alliance: Global Korea’s G-20/Yeonpyeong Moment Revisited

Author:
Haejong Lee
Publication Date:
09-2012
Content Type:
Working Paper
Institution:
East Asia Institute (EAI)
Abstract:
Alliance is an instrument for national interest, which is dependent upon the international environment and defined by domestic, democratic political processes. This commonsense notion of alliance was not fully embraced by the incoming South Korean administration of Lee Myung Bak in 2008. For the Lee administration, South Korea’s alliance with the United States was much more than an instrument of foreign policy. The alliance embodied South Korea’s political identity and was severely damaged by the preceding Roh Moo Hyun administration’s anti-American, pro–North Korean policies. The restoration of the Republic of Korea (ROK)–US alliance was both the goal and key to its national security strategy of Global Korea to enhance South Korean’s influence, contribution, and stature on a global scale. Thereafter, in a circle of the alliance’s cheerleaders in both Seoul and Washington, the alliance has almost taken its own life: the alliance should be protected from disruptive political forces and modernized/adjusted/expanded into new dimensions for the preservation of the alliance itself. In the post–Cold War years, the United States has tried to modernize its military alliances in order to preserve its influence at reduced costs. The Barack Obama administration had to mend US alliances strained during the George W. Bush administration’s war on terror. In 2009, Presidents Lee and Obama agreed on “a comprehensive strategic alliance of bilateral, regional, and global scope, based on common values and mutual trust.” The so-called Great Recession, triggered by the fall of Lehman Brothers on September 15, 2008, has both brought to power and bedeviled the Obama administration; 9/15 has become a new historical marker, replacing 9/11. The very “common values” of the ROK-US strategic alliance—democracy and market economy—have been put to the test; the worries and cries over the decline of the US have arisen once again. In May 2010, the Obama administration published its national security strategy of national renewal and global leadership. Nation-building at home was the primary goal of and imperative to national security. Along with moral leadership to “live” American values, global architecture to embed both allies and challengers in US-centered institutional networks became a new feature of American global leadership. “The United States can, must, and will lead in this new century,” asserted Secretary of State Hillary Clinton in September 2010 at the Council of Foreign Relations, the oldest bastion of American global leadership. She went on to declare that “the complexity and connection of today’s world have yielded a new American moment, a moment when our global leadership is essential, even if we must often lead in new ways.” Confirming that “the 21st century will be another great American century,” President Obama argued at this year’s Air Force Academy graduation ceremony that “we have laid the foundation for a new era of American leadership.” Global Korea, with a comprehensive strategic alliance and a free trade agreement with the United States and hosting of a G-20 meeting and nuclear security summit, has been an integral part and a success story of American global architecture. The Lee administration was awarded with the first two-plus-two (foreign and defense ministers) meeting in 2010, which had been previously held only with Japan, and a state visit to Washington in 2011. “The relation between our two countries has never been stronger,” commended Secretary of State Clinton in this year’s second two-plus-two meeting. Korean Defense Minister Kim Kwan-Jin confirmed the 2015 operation control plan and expressed commitment to make “the alliance the best alliance in the world.” American Secretary of Defense Leon Panetta lauded an ongoing trilateral collaboration, including Korea and Japan, to deter North Korea as “another way to strengthen and modernize our alliance.” It is widely disputed that the Obama administration has seized a new American moment and laid the foundation for a new American century. The Obama administration has been beset with rampant unemployment and snowballing deficits. “The Moment of Truth,” a bipartisan commission’s report on the financial crisis, issued a warning in 2010 that it is imperative to raise revenues and to cut both defense and nondefense spending—in short, a complete overhaul of the existing American national security state and social welfare system. However, the political polarization of the Tea Party and Occupy Wall Street and resultant partisan gridlock have foiled nation-building at home and led to the first downgrading of the US credit rating and a self-made financial cliff of sequester—mandatory across-the-board budget cuts in the next ten years beginning January 2013. Against its lean and mean years, the Obama administration’s rhetoric of a new American moment or century rings hollow. In contrast, the positive—it couldn’t be better—evaluation on the state of the ROK-US alliance is widely held. Nevertheless, the alliance’s success does not resonate with a (far from positive) strategic reality facing South Korea; nor does the alliance translate into a smooth-working component of American global architecture. The Lee administration has doubled down on its alliance with the US. With the Obama administration’s “strategic patience” or no policy toward North Korea, the Lee administration has succeeded in punishing/isolating North Korea but failed to prevent the latter’s development of nuclear capacity, not to mention the latter’s denuclearization. Or, to put it differently, when it comes to nuclear issues or power transition, North Korea has been on its own, with no South Korean leverage over the latter. Most critically and tragically, Global Korea’s prime moment of hosting a G-20 meeting in November 2010 (in the midst of the final renegotiation of a Korea-US free trade agreement) was followed by North Korea’s shelling of Yeonpyeong Island, which in turn led to a joint Korean-US military exercise including the USS George Washington aircraft carrier and which was opposed by China. In the G-20/Yeonpyeong moment, the Lee administration succeeded in synchronizing its strategic and comprehensive alliance with the US and global contribution but rather miserably failed to maintain peace on the Korean Peninsula and manage its relationship with China. On the other hand, the ROK-US comprehensive and strategic alliance does not dispense with politics among allies; nor does it develop into a trilateral cooperation of the United States, South Korea, and Japan. The Lee administration has been at odds with the United States on the issues of spent nuclear fuel reprocessing and missile development, albeit much out of public scrutiny. In addition, the Lee administration has recently confronted Japan with the territorial issue of Dokdo and Japanese colonialism, along with a public relations campaign, including President Lee’s visit to Dokdo in August 2012. This was an abrupt turnabout from its attempt to share information with Japan on North Korea through a military accord—a trilateral collaboration that Panetta mentioned as a way to modernize the ROK-US alliance. Faced with a public uproar against the General Security of Military Information Agreement (GSOMIA), the Lee administration canceled the latter’s signing ceremony at the last minute and turned to confront Japan, which reciprocated with its territorial claim and disavowal of historical responsibilities for colonialism, and even a threat to halt financial cooperation. In sum, despite of (or because of, if you will) the much touted success of the ROK-US alliance, South Korea is now in a diplomatic wilderness, isolated from all of its neighbors—North Korea, China, and Japan. Why? It is, I argue, because President Lee’s Global Korea was a vision for a bygone, pre–Great Recession, and pre-G-2 world. As long as the United States confronted an assertive China with allies and new partners, South Korea’s strategic alliance with the United States could serve both the former’s security interests and the latter’s regional architect. The sinking of the Cheonan happened in the context of such confrontations of the United States and China over the South China Seas, which led to the rescheduling of transfer of operational control (from the United States to South Korea) from 2012 to 2015 that had been requested by the Lee administration. However, as the United States began to embrace China and both deemed it necessary to contain security tensions on the Korean Peninsula, an assertive South Korea against North Korea and China became a liability to the United States, and South Korea’s strategic, global, comprehensive alliance with the United States became superfluous, if not necessarily inimical, to South Korea’s local and regional interests. Such was the case after the shelling of Yeonpyeong Island. Following is a reconstruction of an anticlimax of Global Korea in the historical contexts of the Obama administration’s struggles to forge a new American global leadership.
Topic:
Foreign Policy, Diplomacy, International Cooperation, G20, and Alliance
Political Geography:
Asia, South Korea, North America, and United States of America

1697. China, Japan, South Korea Trilateral Cooperation: Implications for Northeast Asian Politics and Order

Author:
Andrew Yeo
Publication Date:
11-2012
Content Type:
Working Paper
Institution:
East Asia Institute (EAI)
Abstract:
How significant are trilateral relations in Northeast Asia? Does increasing trilateral cooperation between China, Japan, and South Korea undermine existing U.S. bilateral relationships? Can Japan and South Korea use trilateral relations to hedge between the United States and China? Or do these middle powers help create a buffer between great power rivals by establishing trilateral relations with both the United States and China? This essay explores trilateral cooperation in East Asia paying particular attention to developments in trilateral relations between China, Japan, and South Korea. Although trilateral cooperation among Northeast Asian states will likely continue to grow, proponents of U.S. bilateral alliances need not be alarmed about such trends. Taking a positive-sum view of trilateral relations, policymakers should encourage trilateral developments, whether they include the United States or China, to the extent that such institutional arrangements facilitate cooperation and trust-building at the bilateral and multilateral level. This essay is organized into four sections. In the first section I provide a brief overview of trilateral cooperation between China, Japan, and South Korea. I also present data available from the Trilateral Cooperation Secretariat (TCS) website indicating trends and patterns in trilateral relations since 1999. Section two discusses the relative political significance of trilateral cooperation within Northeast Asia and its limitations. The focus here is on the micro-foundations of trilateral cooperation. Section three places the TCS and the Trilateral Summit in a broader strategic context. I address trilateral cooperation in the context of geopolitical rivalry between the United States and China and East Asia’s developing institutional architecture. Section four concludes by arguing that trilateral initiatives are not zero-sum. Although some policymakers fear that traditional U.S. allies may drift closer to China as trilateral cooperation expands, the TCS and Trilateral Summit are but one set of institutional mechanisms situated in conjunction with or on top of bilateral alliances.
Topic:
Diplomacy, International Cooperation, and Regional Cooperation
Political Geography:
Japan, China, Asia, and South Korea

1698. The 2012 U.S. Presidential Election and Its Implication in East Asia

Author:
Young Kwon Sohn
Publication Date:
11-2012
Content Type:
Working Paper
Institution:
East Asia Institute (EAI)
Abstract:
After the extended and fierce campaign, Obama finally clinched the victory in the 2012 presidential election. By gaining more than 300 electoral-college votes, which are disproportionately huge given his popular vote margin of around two percent over Romney(50% vs. 48%), he can legitimately claim national mandate for the next four year, although conservatives will be reluctant to embrace that mandate. After making a history four years ago by becoming the first black president to occupy the White House, he made another history this year by recapturing the presidency amid the still evolving Great Recession with the high unemployment rate around 7.1%. Given this historic nature of Obama’s second term, this paper aims to show how Obama was able to maintain an exceptionally competitive campaign despite the extremely bad national economic conditions. From the widely accepted consensus that the outcome of the U.S. presidential election is largely determined by the economic conditions of the election year, Obama’s successful presidential campaign needs explanation in one way or another. Following that, the paper also attempts to predict what the post-election U.S. East Asia policy look like. Will the post-election U.S. policy be different from the mainline policy of the last four years? If not, what would be rationale of the policy consistency? This paper will address these questions.
Topic:
Foreign Policy, International Cooperation, Elections, and Leadership
Political Geography:
East Asia, Asia, North America, and United States of America

1699. Turkey and Taiwan: The Relationship Seeking Its Ground

Author:
Selçuk Çolakoglu and Arzu Güler
Publication Date:
01-2011
Content Type:
Policy Brief
Institution:
International Strategic Research Organization (USAK)
Abstract:
In the pre-1971 period, "One China" for Turkey was the Republic of China in Taiwan and the two countries were in cooperation against communist expansion. However, in 1971, though being reluctant for the expulsion of Taiwan from the United Nations, Turkey recognized People's Republic of China as the sole legal representative of China and pursued the "One China" policy in that respect. Thus, in the post-1971 period, Turkey's relations with Taiwan have continued only in terms of economy, trade and culture without recognizing it as an independent political unit. Beginning from early 1990s, Turkey began to take initiatives to increase its trade cooperation with Taiwan.
Topic:
Foreign Policy, Economics, International Trade and Finance, Bilateral Relations, and Culture
Political Geography:
China, Turkey, Taiwan, Asia, and United Nations

1700. Benevolent Benefactor or Insensitive Regulator? Tracing the Role of Government Policies in the Development of India's Automobile Industry

Author:
Rajnish Tiwari, Cornelius Herstatt, and Mahipat Ranawat
Publication Date:
01-2011
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
India's automobile industry has witnessed an impressive run of sus - tained growth in the past two decades. The total number of vehicles produced in fiscal year 1990–91 was only 2.3 million, but by fiscal year 2009–10 this number had swelled to 14.1 million. Similarly, the value of automotive products exported by India was only US$198 million in 1990, but by 2009 the value had increased nearly twenty-five-fold to US$5 billion, representing an average annual growth rate of 26 percent and catapulting India into the league of the top fifteen exporters of automotive products worldwide
Topic:
Economics, Industrial Policy, International Trade and Finance, and Markets
Political Geography:
India and Asia