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Achieving Virtuous Cycle Development in Post Industrial Catch-Up Era of Taiwan Economy

Chan-Yuan Wong ()
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Chan-Yuan Wong: National Tsing Hua University

Chapter Chapter 4 in Experimental Learning, Inclusive Growth and Industrialised Economies in Asia, 2022, pp 77-108 from Springer

Abstract: Abstract This chapter examines the political, structural and historical conditions that have shaped the strategic transformation of the industrial system in a prominent and outstanding “latecomer” or “post catch-up” economy, Taiwan. In particular, it highlights the positive principles of Taiwan’s evolutionary targeting policy and provides salient normative principles as guides for transformational policymaking. The proposition of this chapter is first to target: a series of macro-level policies for inclusive development and subsidize diffusion of generic entrepreneurial skills to achieve pre-emergence settings; then meso-level institutional mechanisms to attain industrial emergence settings; and finally establish an industrial-level collaboration platform, to gain a strong foothold for the integration of different indigenous technologies into the global innovation system.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-3436-0_4

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DOI: 10.1007/978-981-19-3436-0_4

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