- yellow knifeTop contributor
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Poor Manufacturer
Tile sales strong but Industry risks loosing protection
Mirror Business
15th October 2015
The present construction boom and the thrust on exports will result in strong tile sales , but the local ceramic industry led by Royal Ceramic PLC faces the risk of losing the protection against imports, an equities brokerage report noted.
- yellow knifeTop contributor
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Re: Poor Manufacturer
All leading economists are against Monopolies and Protectionism.
Regarding Monopolies is better to study Chaebols of South Korea.
Regarding Protectionism one should understand that all developed nations protected their local manufacturers for decades or more. But once such manufacturers can stand alone earlier they invaded countries to sell their products but in today's context they send us economic books to read and understand that it is always better to open up economy.
=============================
Alexander Hamilton was the first Treasury Secretary
who even coined the term Infant Industry to get sympathetic view for protectionism.
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- yellow knifeTop contributor
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Re: Poor Manufacturer
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- කිත්සිරි ද සිල්වාTop contributor
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Re: Poor Manufacturer
(Wishing if Fat R, Ra-Blue or Dr H would get a chance to read this thread).
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- Ethical TraderTop contributor
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Re: Poor Manufacturer
- yellow knifeTop contributor
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Re: Poor Manufacturer
The support you give for an infant should be removed when grows up. That is similar to how we groom a child.
Slowly they should be subject to harsh competition and to the test of Survival of the Fittest.
But what you often see is in developing countries manufacturers become lazy and fat will gather around their waist and spread throughout the body due to softness ensured by governments.
Japan's MITI and South Koreas Export Board pressurized these infants to soon fight in export market while protecting domestically.
Then only a country will grow.
- Hybrid
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Re: Poor Manufacturer
now whether building materials is to be considered as a essential commodity is another question that requires a lot of debate.
What return or substantial benefits are there for the general public or finance ministry that necessitates protection?
Most of the infrastructure is for the tourism sector and housing problem. Can tiles or related porcelain products be considered an essential?
Is the taken into the "Basket of Goods" to arrive at the COL?
Who will most benefit from this protection?
- yellow knifeTop contributor
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Re: Poor Manufacturer
But at least the rest of 4 years should be for development. Upto now we are enjoying the Election Interval for almost ten months.
This is why countries with Dictators ( Saudi, UAE) or semi-democs ( Singapore, Israel, South Korea) or countries where political parties don't change after election (Botswana) win over others.
Anyway following chart of Dankotuwa shows what happen when manufacturers are not subsidized and forced to export simultaneously . It is the same reason I request investors to study South Korea
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- Ethical TraderTop contributor
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Re: Poor Manufacturer
yellow knife wrote:ET
The support you give for an infant should be removed when grows up. That is similar to how we groom a child.
Slowly they should be subject to harsh competition and to the test of Survival of the Fittest.
But what you often see is in developing countries manufacturers become lazy and fat will gather around their waist and spread throughout the body due to softness ensured by governments.
Japan's MITI and South Koreas Export Board pressurized these infants to soon fight in export market while protecting domestically.
Then only a country will grow.
- yellow knifeTop contributor
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Re: Poor Manufacturer
- yellow knifeTop contributor
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Join date : 2014-03-27