Since the end of the Second World War, Taiwan has transformed in around 60 years time from a farmland to a high tech industrial economy. This book examines entrepreneurship, innovative systems and government policies in Taiwan.
Within thirty years of its humble beginnings, Taiwan was listed by the Organization for Economic Cooperation and Development (OECD) as one of ten newly industrialized countries (NICs). This book charts how and why such growth took place, and discusses areas of Taiwan's experience that might be useful in helping other countries achieve economic growth and improve their living standards.The second edition includes additional chapters and updated information and statistics.The author, one of the chief architects of Taiwan's economic development, worked with the government for forty years. Here, he draws on his extensive experience. He has held important positions such as Economics Minister, Finance Minister, and Minister without Portfolio dealing with, among other inter-ministerial problems, the Science and Technology Program. Presently, he is the Senior Advisor to the President. He has been involved in the development of economic, fiscal, monetary, industrial, international trade, manpower, science and technology policies.
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
Throughout the twentieth century Taiwan was viewed as a model - whether in terms of a model colony, a model China or a development model. This perception was based on the notion of Taiwan undergoing an economic miracle and political developments. Yet much of Taiwan’s history is unique and may not be readily replicable elsewhere. Written by an impressive line up of contributors from the US, UK, Taiwan, France and Hong Kong, this book analyzes Taiwan’s economic and political achievements, and asks whether it is possible to identify through the experience of a single nation – Taiwan – the makings of a replicable model. This book will appeal to students and scholars of Taiwan, political economy, and Asia-Pacific regional development issues.
Taiwan’s economic success is well known and considered to be one of the “East Asian Miracles” by the World Bank. This book examines the contributions of dynamic entrepreneurs to the economic development of Taiwan. It adopts Austrian theories of entrepreneurship and market process as a major analytical framework. Specifically, it focuses on knowledge and coordination problems. It examines how entrepreneurs identify and pursue profit opportunities, and how their efforts have enhanced Taiwan’s economic dynamics. This book sheds new light on the economic development of Taiwan.
Introduction -- ch. 1. China and East Asia production network -- ch. 2. The internationalisation of China's Renminbi -- ch. 3. The internationalisation of Chinese enterprises -- ch. 4. Cross-strait economic relations: Taiwan's perspective -- ch. 5. CEPA and Mainland-Hong Kong's economic relations --ch. 6. China-Asean economic relations remain resilient despite rising challenges -- ch. 7. Ever-bonding Sino-Korean economic relationship but questionable contribution to regional integration -- ch. 8. China and Japan: great economic integration without a bilateral free trade agreement -- ch. 9. The political economy of East Asia economic integration.
Decades ago, there was no distinct middle class in the People's Republic of China. Any meaningful discussion of China's economy, politics, or society must take into account the rapid emergence and explosive growth of the Chinese middle class. This book details the origins and characteristics of this dramatic change.
Explores the application of constructivist theory to international relations. The text examines the relevance of constructivism for empirical research, focusing on some of the key issues of contemporary international politics: ethnic and national identity; gender; and political economy.
The geography of innovation is changing. Firstly, it is increasingly understood that innovative firms and organizations exhibit a wide variety of strategies, each differently attuned to diverse geographic contexts. Secondly, and concomitantly, the idea that cities, clusters and physical proximity are essential for innovation is evolving under the weight of new theorizing and empirical evidence. The aim of this handbook is to break with the many ideas and concepts that emerged during the course of the 1980s and 1990s, and to fully take into account the new reality of the internet, mobile communication technologies, personal mobility and globalization. The handbook gathers a new generation of ideas and authors to contribute to the debate, providing an empirically grounded critical appraisal of the prevailing knowledge on the geography of innovation. The 28 original chapters, written by a diverse range of scholars with widely differing views, present fresh empirical evidence and new perspectives relating to how innovation plays out across space in an age where mobility has increased, information is ubiquitous and globalisation has been realised. Overall, the dialogue between existing theory and new possibilities provides a unique and challenging appraisal of the connection between innovation, agglomeration and space. Offering cutting edge ideas in an accessible format, this will be an ideal resource for students and scholars of economic geography and innovation studies. The empirical evidence and analysis will also be of great value for policymakers and government officials. Contributors include:B.T. Asheim, H.W. Aslesen, A. Bain, P.-A. Balland, N. Bradford, A. Bramwell, C. Brennan-Horley, S. Breschi, C. Carraincazeaux, C. Chaminade, R. Comunian, C. De Fuentes, D. Doloreux, D. Eckert, A. Faggian, M. Ferru, R.D. Fitjar, K. Flanagan, C. Gibson, M. Grillitsch, M. Grossetti, G. Harirchi, F. Huber, A. Isaksen, S. Jewel, J. Karlsen, N. Komninos, J.-L. Klein, N. Lee, F. Lissoni, M. Maisonobe, J. Mattes, P. McCann, C.T. Noumedem, R. Ortega-Argilés, M. Plechero, A. Rallet, A. Rodriguez-Pose, R. Shearmur, H.L. Smith, B. Spigel, J. Tallec, E. Tranos, D.-G. Tremblay, F. Tödtling, M. Trippl, E. Uyarra, C. Yang, C. Wilkie, D.A. Wolfe
This volume was conceived to further the understanding of the transformation of the Taiwan economy over the past four decades and thus to throw light on issues in development theory and policy, especially for other developing economies. It is built on the micro foundation of a series of enterprise field studies which were conducted by a consortium of eight Taiwan universities under the auspices of Taiwan's National Science Council. Although Taiwan's status as one of the "four dragons" and a rapidly growing Asian Pacific economy is well understood, information on its development remains relatively scarce. Publications of most international organizations rarely include Taiwan as an entity, and scholarly analysis of the causes of the Taiwan miracle are often speculative. Those based on empirical research are by and large at the macro level; few are based on field studies of one of the most critical factors - Taiwan's enterprises. This volume aims to fill the void and goes a long way toward developing a micro perspective on this important economy.