Wages, Prices, and Profit. Protection and Value Capture in the Mercosur Automotive Industry

FITZSIMONS ALEJANDRO; GUEVARA SEBASTIAN

LATIN AMERICAN PERSPECTIVES

SAGE Publications

Lugar: Newbury Park, California; Año: 2023 vol. 50 p. 185 - 205

0094-582X

The expansion of the automotive industry in Argentina and Brazil and its regional integration can be attributed to determinants that differentiate them from other contemporary regionalization processes. Their limited scales of production, outmoded technology, lower productivity levels than the average in the world market, and the inward orientation of the regional industrylack of openness to the regional market are shared characteristics of both national processes of capital accumulation that are is still organized around the appropriation by industrial capital of a portion of the substantial land rentground-rent available