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This book sheds new light on the economic development of Taiwan, examining how entrepreneurs identify and pursue profit opportunities, and showing how their efforts have enhanced Taiwan’s economic dynamics.
Book Synopsis Entrepreneurship and Taiwan's Economic Dynamics by : Fu-Lai Tony Yu
Download or read book Entrepreneurship and Taiwan's Economic Dynamics written by Fu-Lai Tony Yu and published by Springer Science & Business Media. This book was released on 2012-04-03 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds new light on the economic development of Taiwan, examining how entrepreneurs identify and pursue profit opportunities, and showing how their efforts have enhanced Taiwan’s economic dynamics.
Book Synopsis Entrepreneurship and Taiwan's Economic Dynamics by :
Download or read book Entrepreneurship and Taiwan's Economic Dynamics written by and published by Springer. This book was released on 2012-04-04 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Since the end of the Second World War, Taiwan has transformed in around 60 years time from a farmland to a high tech industrial economy. This book examines entrepreneurship, innovative systems and government policies in Taiwan.
Book Synopsis Taiwan's Economic Transformation in Evolutionary Perspective by : Fu-Lai Tony Yu
Download or read book Taiwan's Economic Transformation in Evolutionary Perspective written by Fu-Lai Tony Yu and published by Nova Publishers. This book was released on 2007 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the end of the Second World War, Taiwan has transformed in around 60 years time from a farmland to a high tech industrial economy. This book examines entrepreneurship, innovative systems and government policies in Taiwan.
Using Taiwan's third largest export industry - shoe manufacturing - as a case study, this work contends that economic development can be tied to Taiwan's own cultural history as well as to the influx of foreign capital or the initiatives of the state government.
Book Synopsis The Indigenous Dynamic in Taiwan's Postwar Development: Religious and Historical Roots of Entrepreneurship by : Ian Skoggard
Download or read book The Indigenous Dynamic in Taiwan's Postwar Development: Religious and Historical Roots of Entrepreneurship written by Ian Skoggard and published by Routledge. This book was released on 2016-09-16 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using Taiwan's third largest export industry - shoe manufacturing - as a case study, this work contends that economic development can be tied to Taiwan's own cultural history as well as to the influx of foreign capital or the initiatives of the state government.
Book Synopsis Entrepreneurship in Taiwan by : Ming-huei Chen
Download or read book Entrepreneurship in Taiwan written by Ming-huei Chen and published by . This book was released on 2009 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
In modern economies an increased utilisation of more and more advanced technologies as well as the more intensive use of physical and human capital can be observed. In this regard, the economic development of Taiwan is considered to be a complementary process of capital accumulation, innovation and learning. This economic evolution primarily takes place within the corporate sector. Advocates of Austrian economics like Schumpeter and Kirzner highlighted entrepreneurship to promote economic development. Simplified expressed, Schum-peter stressed fundamental (radical) innovations that set the economic system into motion by breaking down established, but static structures (creative destruction). In contrast, Kirzner emphasized the alertness of entrepreneurs to identify and to exploit coordination failures in the market process by realizing secondary innovations. The opportunities for both fundamental and secondary innovations vary from firm to firm; from industry to industry; from economy to economy; as well as from time to time. Consequently, the analysis of competitive market processes and entrepreneurship has to involve market and firm characteristics as well as their evolution in the course of time. In the following, the productivity performance of Taiwanese firms in several industries is analyzed to estimate their innovative behaviour. In this respect, an approach is introduced that allow for technological and economic aspects on a (global) industry-wide as well as a (local) firm-specific level. Hayek stressed competition as a method to discover procedures in order to solve economic problems (competition as a discovery procedure). The ability to discover new superior solutions to solve economic problems is consequently regarded as the major asset of the competitive market. A competitive environment must obviously provide an incentive for entrepreneurs to strive for innovations. Relative profitability is introduced as a measure of the degree of competition in an industry. Thus, competition has to assure that a relative innovative firm receives higher profits in relation to a less-innovative firm. Concerning the above-mentioned productivity analysis, the productivity performance is applied to estimate a firm's level of proficiency. The estimation results suggest cross-industrial variations regarding the innovative potential as well as the degree of competition. Substantial innovative advancements are particularly observable in industries characterised by relative unstable market conditions, which in turn are provoked by (fundamental) innovations themselves. The degree of competition, i.e. how much a relative innovative firm is rewarded by relative high profits, tends to be higher in relative unstable industries, too. Although the results are ambiguous, there is evidence that competition processes, and thus dynamic market forces, contributed considerably to the economic development of Taiwan by promoting technical progress.
Book Synopsis Entrepreneurship, Technical Progress and Economic Evolution by : Marco Veselka
Download or read book Entrepreneurship, Technical Progress and Economic Evolution written by Marco Veselka and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In modern economies an increased utilisation of more and more advanced technologies as well as the more intensive use of physical and human capital can be observed. In this regard, the economic development of Taiwan is considered to be a complementary process of capital accumulation, innovation and learning. This economic evolution primarily takes place within the corporate sector. Advocates of Austrian economics like Schumpeter and Kirzner highlighted entrepreneurship to promote economic development. Simplified expressed, Schum-peter stressed fundamental (radical) innovations that set the economic system into motion by breaking down established, but static structures (creative destruction). In contrast, Kirzner emphasized the alertness of entrepreneurs to identify and to exploit coordination failures in the market process by realizing secondary innovations. The opportunities for both fundamental and secondary innovations vary from firm to firm; from industry to industry; from economy to economy; as well as from time to time. Consequently, the analysis of competitive market processes and entrepreneurship has to involve market and firm characteristics as well as their evolution in the course of time. In the following, the productivity performance of Taiwanese firms in several industries is analyzed to estimate their innovative behaviour. In this respect, an approach is introduced that allow for technological and economic aspects on a (global) industry-wide as well as a (local) firm-specific level. Hayek stressed competition as a method to discover procedures in order to solve economic problems (competition as a discovery procedure). The ability to discover new superior solutions to solve economic problems is consequently regarded as the major asset of the competitive market. A competitive environment must obviously provide an incentive for entrepreneurs to strive for innovations. Relative profitability is introduced as a measure of the degree of competition in an industry. Thus, competition has to assure that a relative innovative firm receives higher profits in relation to a less-innovative firm. Concerning the above-mentioned productivity analysis, the productivity performance is applied to estimate a firm's level of proficiency. The estimation results suggest cross-industrial variations regarding the innovative potential as well as the degree of competition. Substantial innovative advancements are particularly observable in industries characterised by relative unstable market conditions, which in turn are provoked by (fundamental) innovations themselves. The degree of competition, i.e. how much a relative innovative firm is rewarded by relative high profits, tends to be higher in relative unstable industries, too. Although the results are ambiguous, there is evidence that competition processes, and thus dynamic market forces, contributed considerably to the economic development of Taiwan by promoting technical progress.
In the most comprehensive analysis of Taiwan's economic development available to date, Y. Dolly Hwang traces the economic, political, and historical factors that enabled the island to transform itself from a poor country burdened with heavy foreign debt and rampant inflation into an emerging world economic power in a period of only forty years. Hwang explores the role played by the cultural and individual aspirations of the Taiwanese; the improvements in political, social, and educational life that were made possible by the island's economic growth; Taiwan's growing contribution to the global economy; and the country's ability to rapidly narrow the technological gap between itself and the industrialized nations. Throughout, Hwang emphasizes the dynamic interrelationships among the various factors that have created Taiwan's phenomenal success. Following an overview of Taiwan's postwar economic development, Hwang surveys events in Chinese history which laid the groundwork for Taiwan's rise to a world economic power. Hwang then devotes separate chapters to the influence of Taiwan's struggle for survival on its economic development, the role of government and the technocrats, and the contribution of specific economic policies, particularly the drive to develop an export-based economy. Subsequent chapters address industrialization, international trade, Taiwan's monetary, fiscal, and financial system, Confucianism and the capitalist spirit in Taiwan, entrepreneurs and small- to medium-sized enterprises, and the parts played by the United States and Japan in Taiwan's economic development. The concluding chapter looks at likely future scenarios for the island nation, including a possible reunification with mainland China. Students of economic history, economic development, and Asian Studies will find Hwang's study enlightening reading.
Book Synopsis The Rise of a New World Economic Power by : Y. Dolly Hwang
Download or read book The Rise of a New World Economic Power written by Y. Dolly Hwang and published by Praeger. This book was released on 1991-07-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the most comprehensive analysis of Taiwan's economic development available to date, Y. Dolly Hwang traces the economic, political, and historical factors that enabled the island to transform itself from a poor country burdened with heavy foreign debt and rampant inflation into an emerging world economic power in a period of only forty years. Hwang explores the role played by the cultural and individual aspirations of the Taiwanese; the improvements in political, social, and educational life that were made possible by the island's economic growth; Taiwan's growing contribution to the global economy; and the country's ability to rapidly narrow the technological gap between itself and the industrialized nations. Throughout, Hwang emphasizes the dynamic interrelationships among the various factors that have created Taiwan's phenomenal success. Following an overview of Taiwan's postwar economic development, Hwang surveys events in Chinese history which laid the groundwork for Taiwan's rise to a world economic power. Hwang then devotes separate chapters to the influence of Taiwan's struggle for survival on its economic development, the role of government and the technocrats, and the contribution of specific economic policies, particularly the drive to develop an export-based economy. Subsequent chapters address industrialization, international trade, Taiwan's monetary, fiscal, and financial system, Confucianism and the capitalist spirit in Taiwan, entrepreneurs and small- to medium-sized enterprises, and the parts played by the United States and Japan in Taiwan's economic development. The concluding chapter looks at likely future scenarios for the island nation, including a possible reunification with mainland China. Students of economic history, economic development, and Asian Studies will find Hwang's study enlightening reading.
Taiwanese enterprises are efficiently producing a great deal of goods they had no experience in at all a few years ago. Moreover, in modern economies an increased utilisation of more and more advanced technologies as well as the more intensive use of physical and human capital can be observed. In this regard, the economic development of Taiwan is considered to be a complementary process of capital accumulation, innovation and learning. This economic evolution primarily takes place within the corporate sector. However, in reality the real activities of enterprises cannot be separated from their financial counterpart. Therefore, it is assumed that financial general conditions influence the investment and innovation behaviour of companies and vice versa. Regarding the above-outlined complementarities, it seems to be appropriate to include the heterogeneity of the company sector into the analysis. Here it has to be taken into consideration that small- and medium-sized enterprises (SMEs) contribute to a great deal of entrepreneurship, innovation and learning that play a decisive role in the process of economic development. In the spirit of Schumpeter (1912) it is argued that the importance of smaller enterprises is not adequately disclosed in statistical data. Furthermore, SMEs may have advantages as far as the implementation of new technology in general and new capital-embedded technology in particular is concerned. There is evidence that Taiwanese SMEs are playing a decisive role in technology assimilation as well as in the implementation of further technological advancements because of their entrepreneurial characteristics. However, most economic contributions consider entrepreneurship to be exogenous. Therefore, a few characteristics of the Taiwanese economy are presented suggesting why entrepreneurship is so prevalent in Taiwan's economy. In this respect, the relationship between competitive environment and entrepreneurship seems to be a matter of special importance.
Book Synopsis Taiwan's Economic Development by : Marco Veselka
Download or read book Taiwan's Economic Development written by Marco Veselka and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taiwanese enterprises are efficiently producing a great deal of goods they had no experience in at all a few years ago. Moreover, in modern economies an increased utilisation of more and more advanced technologies as well as the more intensive use of physical and human capital can be observed. In this regard, the economic development of Taiwan is considered to be a complementary process of capital accumulation, innovation and learning. This economic evolution primarily takes place within the corporate sector. However, in reality the real activities of enterprises cannot be separated from their financial counterpart. Therefore, it is assumed that financial general conditions influence the investment and innovation behaviour of companies and vice versa. Regarding the above-outlined complementarities, it seems to be appropriate to include the heterogeneity of the company sector into the analysis. Here it has to be taken into consideration that small- and medium-sized enterprises (SMEs) contribute to a great deal of entrepreneurship, innovation and learning that play a decisive role in the process of economic development. In the spirit of Schumpeter (1912) it is argued that the importance of smaller enterprises is not adequately disclosed in statistical data. Furthermore, SMEs may have advantages as far as the implementation of new technology in general and new capital-embedded technology in particular is concerned. There is evidence that Taiwanese SMEs are playing a decisive role in technology assimilation as well as in the implementation of further technological advancements because of their entrepreneurial characteristics. However, most economic contributions consider entrepreneurship to be exogenous. Therefore, a few characteristics of the Taiwanese economy are presented suggesting why entrepreneurship is so prevalent in Taiwan's economy. In this respect, the relationship between competitive environment and entrepreneurship seems to be a matter of special importance.
Book Synopsis The Making of Taiwan's Economic Miracle by : Simon Chien-Yuan Chen
Download or read book The Making of Taiwan's Economic Miracle written by Simon Chien-Yuan Chen and published by . This book was released on 2012 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Journal of Entrepreneurial Behaviour & Research by :
Download or read book International Journal of Entrepreneurial Behaviour & Research written by and published by . This book was released on 2009 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt:
