Sunday, June 29, 2008
Reference: Chamber warns lack of curbs could kill small stores, Bangkok Post, June 28, 2008
Protectionism in the retail industry helps neither retailer nor consumer. The state's role, if any, in the changing face of retailing in Asia, is to foster innovation not to curb it. Where local retailers do not have the education or technology to stay abreast they should be provided with the tools they need so that they may learn and compete as retailing evolves. The government's Luddite-like approach to the problem is exactly the wrong prescription.