Notes on Kuala Lumpur
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I was in Malaysia this week for a family wedding. Five short observations:
The story of Balassa and Samuelson, or at least the Penn effect that it aims to explain, is a reliable guide to relative prices. Non-traded services are relatively cheaper in Kuala Lumpur. Eat until you are stuffed.
Automobiles compete in a global market, but the makes and models in KL differ from what I usually see on the road. Many vehicles were manufactured by Proton, Malaysia’s national car brand, which one does
The story of Balassa and Samuelson, or at least the Penn effect that it aims to explain, is a reliable guide to relative prices. Non-traded services are relatively cheaper in Kuala Lumpur. Eat until you are stuffed.
Automobiles compete in a global market, but the makes and models in KL differ from what I usually see on the road. Many vehicles were manufactured by Proton, Malaysia’s national car brand, which one does
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