IMO, publication is controversial when you go for outside publishers. I mean you work so hard and you are handing over the copyright to someone doing nothing else but managing the database and profiteering. The authors suppose to receive royalty for each purchase but this doesn't happen. This is unfair and ridiculous.
Not to forget, the grants you received are tax-payers' money and basically most of you deliver nothing back to them which is embarrassing and non-productive acts. This is however, has become the disease of academicians in Malaysia. They become delusional and jokes since what actually they are doing in research is just a wasteful consumption, unlike professionals on the real fields which really move things.
This also surfaces the term called self-plagiarism when you publish before thesis submission. My suggestion is to publish local and forget the impact factor which is just a number purposely created for rat race and they are happy when you become obsess with it. Just put a number and they are richer. If your work really has value, don't be afraid, it will talk itself whenever it is published. If it doesn't, I can understand why you do want to share.
Another aspect is, if you have found a mountain of gold (breakthrough), are you even going to publish and let the outsiders have their hands into the pool and claim rights? or are you going to reserve it for your community or future business that will benefit the local. This is why commercial study never publish their works.
inb4: I did publish few papers. Impact factor >4 but no way after this.
What say you?
Unfortunately, that is the reality. For postgraduates, papers are given very high attention by their supervisors and to some extent, examiners. For academicians, papers are included in their KPI for promotion and bonuses. Rat race, as you call it.