s. Amsden and Kang (1995) call this group of countries `emerging economies or
manufacturers' and not just `emerging markets.'
The evolution and current state of the automobile industry in these emerging economies are not
identical. The objective of this paper is to do a comparative analysis of the automobile
industries in these four countries and identify some factors that seem to lead to better
performance. There are some major differences between these countries and the developed nations. First,
industry evolution has been influenced considerably by Government policies and regulations
in all these countries. However, this may not necessarily impede growth and development
since these governments sometimes play a supportive role that helps build long-term
capabilities. Second, infrastructure in roads tends to be poor. This has implications for the
long-term growth of the industry. The level of technology and manufacturing capability tends
to be highly varying with very few world-class plants and many others at a fairly mediocre
...