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Taiwan's Experience in Switching Its Engines of Growth

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  • Sheng-Cheng Hu

    (Minister without Portfolio Executive Yuan (the Cabinet) Republic of China Academician Institute of Economics Academia Sinica Taipei 11529 Taiwan)

  • Vei-Lin Chan

    (Associate Research Fellow Institute of Economics Academia Sinica Taipei 11529 Taiwan)

Abstract

Taiwan became a leading worldwide manufacturer of computer hardware in the 1990s. The purpose of this paper is to review the process that led to the birth and growth of Taiwan's information-communication technology (ICT) industries. We further discuss such factors as research and development, high-tech human capital, venture capital, financial liberalization, and telecommunications liberalization, which have contributed to the success of the ICT industries and the shift in the economy from labor-intensive to capital-intensive and technology-intensive production. Copyright (c) 2002 Center for International Development and the Massachusetts Institute of Technology.

Suggested Citation

  • Sheng-Cheng Hu & Vei-Lin Chan, 2002. "Taiwan's Experience in Switching Its Engines of Growth," Asian Economic Papers, MIT Press, vol. 1(3), pages 1-23.
  • Handle: RePEc:tpr:asiaec:v:1:y:2002:i:3:p:1-23
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