Taiwan Flashcards
3 special characteristics that helped its success?
Role of state
Chinese Dispora
Structure of industry
What was the key development strategy in the 1950’s?
Import substitution under high tariff walls
What did the development strategy switch to in the 60’s?
Export orientation
In the period up to 1990 what did the government do?
Made extensive use of tariff and non-tariff barriers and selective credit to favour specific sectors and to develop new industries
What did the government actively encourage?
Development of backward linkages and technology transfer for FDI
What did the government set up?
Special industrial parks, including the Hsinchu Science Based Industrial Park in the vicinity of universities
Large public research institute to stimulate technology development and the creation of new high technology enterprises
What has Taiwan drawn successfully on?
Large Chinese diaspora working in the high tech industry around the world
What did the government develop to gain advice from Chinese dispora?
Developed various mechanisms such as wise men councils and periodic meetings to draw on the advice
What were the new park and institute successful at achieving?
Moved electronics industry from simple assembly of electronic products, often for foreign companies, to developing its own chip making capability, and becoming an important own brand player in the global industry
How is Taiwan’s industrial sector different from Korea’s?
Made up primarily of small and medium sized firms, rather than large chaebols with deep pockets to cross-subsidise risky ventures
What has Taiwan developed because of its industrial sector?
Strong supportive technological infrastructure such as technical information services and specialised public research institutes
What is Taiwan’s economy highly dependant on?
International trade
From 2005-2012 what was the most important driver of growth?
Net exports
What does Taiwan’s economy focus on?
Producing parts and components that are incorporated into final products, often sold by companies from Japan, the United States or European Union
What % of Taiwan’s exports comprise of immediate goods?
70%
In terms of motherboards and PC’s, how much does Taiwan produce?
94% for the world
What does the Taiwan Semiconductor Manufacturing Company produce?
Produces most of the computer chips used by US companies such as Qualcomm and Nvidia
Name 4 global Taiwan Brands
Acer
Asus
Quanta
Wistron
In ICT sector what % of exports are made outside Taiwan?
85%
What do Taiwanese businesses rely heavily on?
Rely on overseas production networks to make goods for export
In 2002 who was the greatest exporter of Taiwanese goods?
Hong Kong who accounted for 23.6% of overall exports
How much energy does Taiwan produce?
Only produces 0.6% of the energy it uses
What did too few typhoons from the end of 2014 cause?
Caused Taiwan’s worst drought in a decade
Whats happened. to the Shihmen Reservoir?
At its lowest level in 11 years
