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A combination of labour costs, being the most isolated country on earth and a tiny local market. Malaysia's GDP per capita is <20% of Australias (49k vs 9k), an
by JimmyAustin 9y ago
A combination of labour costs, being the most isolated country on earth and a tiny local market. Malaysia's GDP per capita is <20% of Australias (49k vs 9k), and the population is 30% bigger (30mil vs 24mil), not to mention the surrounding local markets (Thailand at 68 mil, Vietnam
at 92.7mil).
- stephenr 9y agoThailand taxes all imported cars at something like 120%. (So a 50K car becomes a 110K) to encourage the local industry.
- jen729w 9y agoEnormous import tax rates! https://en.wikipedia.org/wiki/Malaysian_motor_vehicle_import_duties https://en.wikipedia.org/wiki/Malaysian_motor_vehicle_import...