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- W2487777006 abstract "Taiwan’s extraordinary economic vitality in the post-war period was built upon two core political economic foundations. First, Taiwan’s economic miracle resulted from its firms choosing to plug into the global economy and continually upgrade into new and ever more lucrative industrial sectors. Its economic comparative advantages were dynamic, evolving to meet new markets. Taiwan’s strategy was also a niche one, whereby firms tended to be small and medium-sized and focused on supplying the global value chain, rather than brand-name finished goods. Second, Taiwan’s economic vitality was driven by a capable developmental state, one which strategically allocated public and private resources for the purposes of industrial development, both smoothing over inherent market failures in industrial transformation and ‘leading’ industrial upgrading by constructing comparative advantages for Taiwanese industries and entrepreneurs. Taiwan’s developmental state was significant for its post-war economic vitality not only for the scope of its economic interventions but, more importantly, because of its strategic efforts to pick and make industrial winners." @default.
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- W2487777006 date "2012-01-01" @default.
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- W2487777006 title "Innovation and Taiwan’s Vitality in the Knowledge Economy" @default.
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- W2487777006 doi "https://doi.org/10.1057/9781137009906_10" @default.
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