Abstract
This paper investigates the policy space open to developing countries under the WTO regime. It is apparent that industrial policy options in developing countries are limited by the TRIPs, GATS, TRIMs and SCMs agreements under the WTO. However, policy options are not fully closed, and a narrower range of policies is still available. Focussing particularly on TRIMs, this paper examines the contrasting development of the automotive industries in Thailand and Malaysia, showing the different ways these countries have carved out new industrial policies within the now available policy space.
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