Taiwan

Question 1

3 special characteristics that helped its success?

Answer 1

Role of state
Chinese Dispora
Structure of industry

Question 2

What was the key development strategy in the 1950’s?

Answer 2

Import substitution under high tariff walls

Question 3

What did the development strategy switch to in the 60’s?

Answer 3

Export orientation

Question 4

In the period up to 1990 what did the government do?

Answer 4

Made extensive use of tariff and non-tariff barriers and selective credit to favour specific sectors and to develop new industries

Question 5

What did the government actively encourage?

Answer 5

Development of backward linkages and technology transfer for FDI

Question 6

What did the government set up?

Answer 6

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

Question 7

What has Taiwan drawn successfully on?

Answer 7

Large Chinese diaspora working in the high tech industry around the world

Question 8

What did the government develop to gain advice from Chinese dispora?

Answer 8

Developed various mechanisms such as wise men councils and periodic meetings to draw on the advice

Question 9

What were the new park and institute successful at achieving?

Answer 9

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

Question 10

How is Taiwan’s industrial sector different from Korea’s?

Answer 10

Made up primarily of small and medium sized firms, rather than large chaebols with deep pockets to cross-subsidise risky ventures

Question 11

What has Taiwan developed because of its industrial sector?

Answer 11

Strong supportive technological infrastructure such as technical information services and specialised public research institutes

Question 12

What is Taiwan’s economy highly dependant on?

Answer 12

International trade

Question 13

From 2005-2012 what was the most important driver of growth?

Answer 13

Net exports

Question 14

What does Taiwan’s economy focus on?

Answer 14

Producing parts and components that are incorporated into final products, often sold by companies from Japan, the United States or European Union

Question 15

What % of Taiwan’s exports comprise of immediate goods?

Answer 15

70%

Question 16

In terms of motherboards and PC’s, how much does Taiwan produce?

Answer 16

94% for the world

Question 17

What does the Taiwan Semiconductor Manufacturing Company produce?

Answer 17

Produces most of the computer chips used by US companies such as Qualcomm and Nvidia

Question 18

Name 4 global Taiwan Brands

Answer 18

Acer
Asus
Quanta
Wistron

Question 19

In ICT sector what % of exports are made outside Taiwan?

Answer 19

85%

Question 20

What do Taiwanese businesses rely heavily on?

Answer 20

Rely on overseas production networks to make goods for export

Question 21

In 2002 who was the greatest exporter of Taiwanese goods?

Answer 21

Hong Kong who accounted for 23.6% of overall exports

Question 22

How much energy does Taiwan produce?

Answer 22

Only produces 0.6% of the energy it uses

Question 23

What did too few typhoons from the end of 2014 cause?

Answer 23

Caused Taiwan’s worst drought in a decade

Question 24

Whats happened. to the Shihmen Reservoir?

Answer 24

At its lowest level in 11 years