July 25, 2014
Uber and Classic Asian Mercantilism
Robert Kelly, The Diplomat
The Associated Press
The debate over the political economy in Asia is often harsh. A long-standing Western criticism is that Asian states use all manner nebulous maneuvers to inhibit local penetration by Western firms or goods that Asian countries would prefer they made themselves. This often applies to new devices or platforms particularly. Hot new items in new markets, where Asian states have few local participants, could mean an entire market is captured by a foreign firm’s trendy new device or service.
TAGGED: Uber, South Korea, Mercantilism