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And I've never heard of any Thai auto manufacturers either. Yet S. Korea, another SE Asian country which went full on gov't interventionist/protectionist from t
by sooheon 9y ago
And I've never heard of any Thai auto manufacturers either. Yet S. Korea, another SE Asian country which went full on gov't interventionist/protectionist from the 60s through the 80s, is home to Samsung and Hyundai etc. These conglomerates would never have survived in direct competition, nascent industries require protectionism until they can compete. Completely "free trade" means each country focuses on industries where they have comparative advantage--S. Korea would still be weaving linen.
- awkwarddaturtle 9y ago> . Yet S. Korea, another SE Asian country S. Korea is not a SE Asian country...
- sooheon 9y agoWell it is in the South East of Asia. Nation groupings aren't exactly scientific taxonomies. A better comparison: S. Korea, Thailand, Indonesia, and Vietnam all started with sub $200 GDP/capita in 1960. As of last year, S. Korea's has exploded to ~27k, while Thailand and others are below $6k.
- awkwarddaturtle 9y ago> Well it is in the South East of Asia. No. It is in the NORTHEAST of asia. "In common usage, the term Northeast Asia typically refers to a region including China.[2][3] In this sense, the core countries constituting Northeast Asia are China, Japan, North Korea, and South Korea." https://en.wikipedia.org/wiki/Northeast_Asia https://en.wikipedia.org/wiki/Northeast_Asia https://en.wikipedia.org/wiki/Category:Northeast_Asian_countries https://en.wikipedia.org/wiki/Category:Northeast_Asian_count... If you don't even know simple things like geography and locations of major nations, why are you even talking about economics? > Nation groupings aren't exactly scientific taxonomies. We aren't talking nation groupings. We are talking GEOGRAPHY. NORTH/SOUTH/EAST/WEST.
- jsjohnst 9y agoIf you are wondering why the downvotes, might check the rules on civil discourse here on HN.