By industry, the performance of automobile-related and electrical machinery industries has been particularly good. Furthermore, since wide-ranging industries are related to the industries of automobiles and electrical machinery, their good performance has contributed to the recovery in production in industries that supply materials and parts.
This means more than beefing up existing procedures. It means governing together: shifting from coordination to common decision-making, and from rules to institutions. The second implication of the absence of fiscal transfers is that countries need to invest more in other mechanisms to share the cost of shocks.