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Winston Smith
Behind Asia
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Comments by "Winston Smith" (@kryts27) on "Why Malaysia's Failed to Become an Industrial Powerhouse" video.
The story of Malayasia's auto industry is the same for Australia (domestic protectionism over export), except Australia began the process of making cars 3 decades earlier than Malaysia. Most of Australia's car manufacturing industry no longer exists. Malayasia auto industry might go the same way soon. Really, governments and businesses can be amazingly stupid on economics.
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The UK failed to become an industrilal powerhouse, post World-War 2. So it's the pot calling the kettle black. Far too late now for the UK to recover industrially, wheras Malaysia may still have a chance with better governance.
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