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Liberalization, Industrial Nationalism, and the Malaysian Automotive Industry
KAORU NATSUDA,NORIYUKI SEGAWA,JOHN THOBURN 연세대학교 동서문제연구원 2013 Global economic review Vol.42 No.2
This paper examines the attempts by Malaysia to foster production by national automotive producers in a global industry dominated by a small number of major multinationals. Despite the use of a wide range of industrial policies, both standard import-substituting ones and more targeted policies, the main national producer, Proton, has been unable successfully to enter the automotive global value chain. We argue that Malaysia is probably faced with a choice of accepting foreign majority ownership, as with its second national producer, Perodua, or reconciling itself to Proton lagging in both technology and marketing.