> In Thailand, they opened up markets to car manufacturers and suppliers, with the result that Thailand is now one of Asia's largest car manufacturing hubs.
But thai car companies aren't building the cars. They are just building cars for foreigners.
> In Malaysia, they imposed protectionist barriers and tried to build their own cars. Ever heard of Proton or Perodua? No? There's a reason you haven't -- they're terrible.
Can you name a thai car company?
"According to Paul Bairoch, since the end of the 18th century, the United States has been "the homeland and bastion of modern protectionism". In fact, the United States never adhered to free trade until 1945. "
The US was protectionist. Korea, Japan are protectionist. Russia is protectionist. And even much of europe is/was protectionist.
You need protectionism to develop your own companies/industries. Otherwise, you become just a supplier for a company.
The difference between thailand and malaysia is that malaysia want their own "Ford/Toyota/etc". Thailand just wants to be a low-end supplier on the bottom of the supply chain.
It isn't bullshit. It is truth.
> In Thailand, they opened up markets to car manufacturers and suppliers, with the result that Thailand is now one of Asia's largest car manufacturing hubs.
But thai car companies aren't building the cars. They are just building cars for foreigners.
> In Malaysia, they imposed protectionist barriers and tried to build their own cars. Ever heard of Proton or Perodua? No? There's a reason you haven't -- they're terrible.
Can you name a thai car company?
"According to Paul Bairoch, since the end of the 18th century, the United States has been "the homeland and bastion of modern protectionism". In fact, the United States never adhered to free trade until 1945. "
https://en.wikipedia.org/wiki/Protectionism_in_the_United_St...
The US was protectionist. Korea, Japan are protectionist. Russia is protectionist. And even much of europe is/was protectionist.
You need protectionism to develop your own companies/industries. Otherwise, you become just a supplier for a company.
The difference between thailand and malaysia is that malaysia want their own "Ford/Toyota/etc". Thailand just wants to be a low-end supplier on the bottom of the supply chain.