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  • Lim Yeat Fong

    Member
    January 28, 2022 at 5:27 pm

    Gregory Mankiw in his Principles of Economics outlines Ten Principles of Economics that Governments can sometimes improve outcomes. In nature, People are always strive to get maximum with minimum spending, it not only happen to individual but our company decision as well.

    Malaysia had the 3rd highest vehicle ownership in the world after the USA and Luxembourg. On average, about 25% Malaysians owned a vehicle. I think one of the main reason might caused by our country bad public transport system.

    Since 1980s, our government start intervene automotive sector after the launch of the country’s National Car Project by the former Prime Minister, Tun Dr. Mahathir bin Mohammad, hence Proton established. 😇

    Malaysia protects Proton by implement high import tariffs on imported cars. Thus, our National cars become cheaper compare to imported car. So most of Malaysian will tend to buy National car. For example, my company staff incentive and year end prize, Proton and Perodua will always be our first choice as the prize to our employees. 😇

    Reference:

    Proton: Its Rise, Fall, and Future Prospects, 2013, https://www.researchgate.net/publication/263907043_Proton_Its_Rise_Fall_and_Future_Prospects

    Modern Industrial Policy: Lessons from Malaysia’s Auto Industry, https://carnegieendowment.org/2012/03/22/modern-industrial-policy-lessons-from-malaysia-s-auto-industry-pub-47625