In 1962, South Korea assembled just 1,100 new automobiles. By 1996, this total had soared to 2,812,714. What explains this remarkable growth? The answer is complex, and involves a combination of a supportive State, timely technology alliances, a skilled but historically low-paid workforce, aggressive pricing, savvy entrepreneurs, and fortuitous circumstances. Despite this amazing ascent, comparatively little has been written about the Korean auto industry in English. In the first of a two-volume set, this 11-chapter book seeks to help fill this void by providing in-depth examinations of all six of Korea’s automakers from their beginnings through 1996. Uniquely written from the perspective of industry analysts at the time (without knowledge of the Asian Fiscal Crisis), the book should prove informative to practitioners, scholars, and students interested in automotive history, international political economy, Asian studies, and more.
China currently produces more crude steel than any other country in the world. This book, by an internationally acknowledged expert on the world steel industry, covers all aspects of the steel industry in China. It begins with an outline of the existing steel plants and smaller mills and describes four major mergers in the industry, which indicate a trend toward the consolidation of smaller plants into larger integrated units. Hogan analyzes the major steel markets--including the automotive industry, shipbuilding, appliances, railroads, construction, containers, and oil and gas--in terms of their recent growth, and examines China's raw-materials output. He presents new technologies being developed and used, and discusses the future of the Chinese steel industry. Hogan successfully argues, using historical and current data (much of it difficult to obtain), that one of the centers of recent Chinese industrial strength is its steel industry, which should be watched carefully. Steel industry analysts and scholars of global industry and economics will find this book invaluable.