Abstract: In general, manufacturing sector is a leading industry of the world economy which has created products that have provided utility and fulfilled consumption needs. In particular, the automobile industry is one of the foremost global sectors with real socioeconomic impact on livelihood. This sector has created substantial direct and indirect jobs in addition to its integrated multiplier effect on socioeconomic activities. The sector has further contributed to technology development and transfer in the global economy. The paper summarizes the characteristics, trends, challenges and importance of the global automobile industry. It further analyzes the viability of modularization design and production model from the perspective of gains, patterns of trade, international trade and comparative advantage within the field of international economics. With the objective of proposing effective policies at the firm, Country and regional levels for the automobile as well as other high technology industries.
Keywords: Modularization, international trade, automobile.
Title: Modular Production Systems in Automobile Industry: A Conceptual Review
Author: Jude James, Victor Ebin
International Journal of Mechanical and Industrial Technology
ISSN 2348-7593 (Online)
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