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Industrial Upgrading Through Low-Cost and Fast Innovation--Taiwan's Experience

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  • Dieter Ernst

    (East-West Center)

Abstract

This paper examines the forces that drive Taiwan's new strategy of "Upgrading through Low-Cost and Fast Innovation." The first section highlights characteristics of Taiwan's traditional "Global Factory" innovation model and examines the role of innovation policy in that model. Section 2 reviews fundamental weaknesses that define the requirements of Taiwan's new innovation strategy. Section 3 explores Taiwan's new strategy of "low-cost and fast innovation through domestic and global innovation networks." Finally, section 4 examines the role of government and key policies and initiatives in the IT industry.

Suggested Citation

  • Dieter Ernst, 2011. "Industrial Upgrading Through Low-Cost and Fast Innovation--Taiwan's Experience," Economics Study Area Working Papers 126, East-West Center, Economics Study Area.
    • Handle: RePEc:ewc:wpaper:wp126
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