21-10-2024, 09:19 AM
(21-10-2024, 08:19 AM)Scythian Wrote: Malaysia overtaken Thailand as the 2nd largest car producer in SE Asia.
I don't think it's good to have too big a car industry ...it's high capital and low margins.
It is highly cyclical and prone to large layoffs
The jobs created are factory worker jobs...when they find a cheaper group of workers in another country they lay off your workers
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.