QUOTE(Maria Takagi @ Mar 9 2021, 11:12 AM)
this was what exactly mamakthir wanted to do. Set up JVs n MNCs come here, then we learn slowly slowly develop our own technologies.
but 2 factors failed because:
1) hahahaha you know why lah. we are synonymous with failure.
2) our glorious 1990s was cut short by currency crisis attack and then China's emergence cause all greedy MNCs to pack their bags and move to China
It doesn't matter, now China is just too strong. They should have done a trump on them right from the start. What Trump did was trying to erase the past mistakes by enforcing China to follow the rules. But they don't.
Still many MNCs are falling prey to intellectual property stealing, so as we speak.
when half of the western MNCs have their business, R&D and facilities in China, also means half of their employees in sensitive areas are from PRC. Matter of time, PRC would catch up.
So the stupid ones that fall to greed are the western MNCs.
If they are smart, they would spread their risks and move back some of their operations to South East Asia
but no no, they all want to mengaut untung in China.
Instead of Western mnc is stupid, I'll say China is smart. Particularly what China did is they sacrifice short term gain to get long term gain.
Allow me to explain, in Malaysia, we invited mnc in. Then we tax them kaw kaw, no freebies. In China, they invited mnc, then give freebies, then mnc move more and more of their department into China and finally the most valuable R&D is moved into China.
In laymen terms, is something like a boss go car wash, the carwash say ok I wash your car and vacuum your car for free ok? Boss said, sure vacuum it clean please since it's free. Then the carwash said how about polish at half price, ok polish as well. Then how about I service your car for 50% of normal mechanic? But I'm no mechanics, you need teach me. Good deal. So the carwash from simple manual labor of carwash transform to mechanics services. Once they learned skill to be mechanics , no more 50% discount, they can give 20% discount, but still cheaper than other place.
Thing is it's Malaysian willing to do vacuum for free? Willing to polish car for half price? Willing to service car at 50% rate? No. We don't. So we will only be car washer.
This post has been edited by wanted111who: Mar 9 2021, 01:40 PM