The rising cost in Malaysia is partly a consequence of these inefficiencies, where a few people are extracting the resources of the country at the expense of many. The Edge last week carried an excellent analysis of the auto industry in Malaysia. It is also a very good example of the rent-seeking behaviour that this blog seeks to highlight and articulate against. We would like to share a couple of these articles in this blog with you, reproduced with the permission of The Edge.
The Edge Jan 6, 2014, issue
The opportunity cost of having a national car
Malaysia received RM2.2 billion in automotive FDIs between 2006 and 2012, while Thailand got RM22.3 billion.