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Impact of the Global Economic Crisis on Taipei,China’s Industrial Structure and Firm Activity

Author

Listed:
  • Jack W. Hou

    (Asian Development Bank Institute)

Abstract

Given the dominance of small and medium-sized enterprises (SMEs) in Taipei,China (97.6% of business establishments, and 77.1% of employment), it is of vital importance to develop ways to aid SMEs in surviving the current global economic crisis. Indeed, the government can utilize this crisis to reform and strengthen SMEs so they can continue to be the backbone of Taipei,China’s economy. This paper discusses the strengths and weaknesses of SMEs in Taipei,China. Policy recommendations are presented to address the weaknesses of SMEs, including short-run and long-run approaches.

Suggested Citation

  • Jack W. Hou, 2011. "Impact of the Global Economic Crisis on Taipei,China’s Industrial Structure and Firm Activity," ADBI Working Papers 323, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0323
    as

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    File URL: http://www.adbi.org/files/2011.11.22.wp323.impact.gec.taipei.china.industrial.structure.firm.pdf
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    References listed on IDEAS

    as
    1. Scott Fuess & Jack Hou, 2009. "Rapid Economic Development and Job Segregation in Taiwan," Journal of Family and Economic Issues, Springer, vol. 30(2), pages 171-183, June.
    2. Jagdish Bhagwati & Arvind Panagariya, 2004. "The Muddles over Outsourcing," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 93-114, Fall.
    3. Fields, Gary S, 1984. "Employment, Income Distribution and Economic Growth in Seven Small Open Economies," Economic Journal, Royal Economic Society, vol. 94(373), pages 74-83, March.
    4. Jack W. Hou & Shinichi Ichimura & Seiji Naya & Lars Werin & Leslie Young, 1995. "Pacific Rim Trade And Development: Historical Environment And Future Prospects," Contemporary Economic Policy, Western Economic Association International, vol. 13(4), pages 1-25, October.
    5. Belton M. Fleisher & Haizheng Li & Shunfeng Song (ed.), 2007. "Market Development in China," Books, Edward Elgar Publishing, number 4184.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • G01 - Financial Economics - - General - - - Financial Crises
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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