Thailand’s booming car industry – Detroit of the East – economist.com, April 4, 2013
[Thanks to Tom for pointing this out.]
…A big question is whether Thailand’s car industry is there to stay. It will only be a matter of time until Thailand again loses the position as ASEAN’s biggest car market to Indonesia: the archipelago is a much bigger place and growing fast. The danger is that foreign carmakers may be tempted to move production there. Should that ever happen, it will take time. According to a recent study by the Boston Consulting Group, Thailand beats Indonesia on almost all important metrics: competitiveness, infrastructure, business environment, tax incentives, labour cost and so on…
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