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 TRIPs, GATS, TRIMs and SCMs agreements under the WTO. However, policy options are not fully closed, and a narrower range of policy options is still available for developing countries today. This paper examines the contrasting development of the automotive industry in Thailand and Malaysia from the perspective of industrial policy option as a case study.

Keywords: WTO, Industrial Policy, Automotive Industry, Thailand and Malaysia