Abstract
Taiwan’s economic strength has been rooted in its manufacturing base and in economies of scale. It started with a labor-intensive manufacturing boom in the 1950s and then progressed rapidly to the technology-intensive sector. The rapid industrialization and growth during the latter half of the 20th century created the ‘Taiwan miracle.’ In a recent report on global innovation and competitiveness published by the Economist Intelligence Unit in 2012, Taiwan today is ranked sixth globally and second in Asia; its current position is bolstered by a strong entrepreneurial spirit that is transforming Taiwan’s economy. However, Taiwan’s heavy reliance on the tech sector, which makes up about 40% of its GDP, also makes it vulnerable to global economic downturns and makes it necessary to seek new paths for national competitiveness at various levels.
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© 2014 Hsiao-Ling Chung
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Chung, HL. (2014). Developing the Creative Economy: The Network Approach of the Five Municipalities in Taiwan. In: Lee, HK., Lim, L. (eds) Cultural Policies in East Asia. Palgrave Macmillan, London. https://doi.org/10.1057/9781137327772_12
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DOI: https://doi.org/10.1057/9781137327772_12
Publisher Name: Palgrave Macmillan, London
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