Industries in the midst of structural change: this month at the Geneva Motor Show and the BaselWorldWatch and Jewellery Show, two industries will present themselves in the best possible light. The automotive industry has taken a terrible battering from the economic crisis, as have Swiss watchmakers. But the latter industry has come away with a new face.

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Economy

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Industries in the midst of structural change: this month at the Geneva Motor Show and the BaselWorldWatch and Jewellery Show, two industries will present themselves in the best possible light. The automotive industry has taken a terrible battering from the economic crisis, as have Swiss watchmakers. But the latter industry has come away with a new face.

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It is no secret that automakers were faced with hard times in 2009. However, the sales collapse forecasted in early 2009 did not come to pass. The reason is due to the most successful revelation at the 2009 Geneva Motor Show: the "cash-for-clunkers" offer.

Since then, a number of countries have mimicked this highly effective German state-sponsored recipe for jump-...

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