Then, there was one: Sony leaving Brazil

Started 2 months ago | Discussions thread
007peter
007peter Forum Pro • Posts: 12,807
Blame rest with Brazilian Gov. (Insane) manufacturing requirement to sell electronic
10

The blame rest entirely with the Brazilian Government.  Brazil has an INSANE local manufacturing requirements on foreign companies to sell electronic.  That means foreign companies must setup expensive local factories just to sell a $100 USD phone. This WAS feasible when HDTV was popular & expensive.  But the HDTV price has fallen through the floor, It no longer makes sense to keep a factory open with hundreds if worker making cheap electronic that no longer sells.

Sony join a long list of Japanese, Chinese, Korean companies pulling out of Brazil.

With less competitors, less consumer choices, price of goods will always increase. Its simple economic that Brazilian politician fail to understand.  While I applaud the intention of manufacturing requirements to keep the locals employed (but) reality often falls short of theoretical.  Like they said, the road to hell đŸ˜ˆ is paved with the good đŸ˜‡intention.

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