Cover image for Taiwan in the global economy : from an agrarian economy to an exporter of high-tech products
Taiwan in the global economy : from an agrarian economy to an exporter of high-tech products
Chow, Peter C. Y.
Publication Information:
Westport, Conn. : Praeger, [2002]

Physical Description:
xxx, 284 pages : illustrations ; 25 cm
Lessons from Taiwan's performance: neither miracle nor crisis / Gustav Ranis -- Upscaling: recasting old theories to suit late industrializers / Alice H. Amsden and Wan-Wen Chu -- Coordination failures and catch-up: experiences of man-made fiber in Taiwan / Been-Lon Chen and Mei Hsu -- Roles of foreign direct investments in Taiwan's economic growth / Steven A.Y. Lin -- Offshore sourcing strategies of multinational firms in Taiwan / Tain-Jy Chen and Ying-Hua Ku -- The boomerang effects of FDI on domestic economy: Taiwan's agricultural investment in mainland China / Jiun-Mei Tien -- Taiwan's role in the world market / Henry Wan, Jr. -- Taiwan in the global economy: past, present, and future / Frank S.T. Hsiao and Mei-Chu W. Hsiao -- Colonization and NIEs'lization of Taiwan's economy blending with Japan's globalization: a global perspective / Teruzo Muraoka (Jaw-Yann Twu) -- From dependency to interdependency: Taiwan's development path toward a newly industrialized country / Peter C.Y. Chow.
Reading Level:
1490 Lexile.
Subject Term:
Added Author:
Format :


Call Number
Material Type
Home Location
Item Holds
HC430.5 .T296 2002 Adult Non-Fiction Non-Fiction Area

On Order



A role model for late industrializing countries, Taiwan provides unique and interesting development lessons for third world countries. Once a poverty-stricken, resource-poor, technologically backward nation, Taiwan has become the hub of a global production network in many high tech industries with increasing significance in the world economy. In ten outstanding essays, written by highly respected economists, this book analyzes Taiwan's postwar economic development path, providing a valuable case study of its structural transformation from a labor-intensive to a technology-intensive economy.

The book addresses three major topics. First it recaptures the lessons of Taiwan's experience. Then it considers the role of foreign investment on structural transformation and globalization. Finally, it examines Taiwan's economy in a global perspective, evaluating its role in the world market from the past to the future and its evolution from a colony to a newly industrialized country.

Author Notes

PETER C. Y. CHOW is Professor of Economics at City College and the Graduate Center of the City University of New York. His earlier books include Trade--The Engine of Growth in East Asia (1993) and Weathering the Storms: Taiwan, Its Neighbors and Asian Financial Crisis (2000).

Reviews 1

Choice Review

This tidy collection deals with the evolution of Taiwan's economic success in the context of its history and geographical location and the mutually positive cumulative process of economic progress and maturation along with Japan, South Korea, and China. The first article by eminent development economist Gustav Ranis attributes Taiwan's economic success to pragmatic, balanced, and reversible-on-need economic policies rather than an economic miracle. A. Amsden and W. Chu offer a theoretically sound paper dealing with the behavior of latecomers upscaling themselves into more technologically complex and commercially demanding services. On the basis of theoretical and empirical considerations, they generalize that new entrants, after initial adjustments, behave the same way first movers in leading enterprises behave in advanced countries. As a surprise to the pure free marketers, government's visible hand was heavily involved to the extent that from the 1950s through the 1990s approximately half of all gross fixed-capital formation came from government sources. Other contributors discuss foreign direct investment and multinationals and deal mainly with the relatively large economic size of the Taiwanese economy from a global perspective and with Taiwan's development as a newly industrializing country. Recommended for professional libraries and academic collections, upper-division undergraduate and up. C. J. Talele Columbia State Community College

Table of Contents

Peter C. Y. ChowGustav RanisAlice H. Amsden and Wan-Wen ChuBeen-Lon Chen and Mei HsuSteven A. Y. LinTain-Jy Chen and Ying-Hua KuJiun-Mei TienHenry Wan, Jr.Frank S.T. Hsiao and Mei-Chu W. HsiaoTeruzo MuraokaPeter C. Y. Chow
Forewordp. vii
Prefacep. ix
Introductionp. xiii
I. Development Path and Lessons of Taiwan's Economyp. 1
1. Lessons from Taiwan's Performance: Neither Miracle nor Crisisp. 3
2. Upscaling: Recasting Old Theories to Suit Late Industrializersp. 23
3. Coordination Failures and Catch-up: Experiences of Man-made Fiber in Taiwanp. 39
II. Foreign Investment, Multinational, and Boomerang Effectsp. 77
4. Roles of Foreign Direct Investments in Taiwan's Economic Growthp. 79
5. Offshore Sourcing Strategies of Multinational Firms in Taiwanp. 95
6. The Boomerang Effects of FDI on Domestic Economy: Taiwan's Agricultural Investment in Mainland Chinap. 119
III. Taiwan's Economy in Global Perspectivep. 143
7. Taiwan's Role in the World Marketp. 145
8. Taiwan in the Global Economy: Past, Present, and Futurep. 161
9. Colonization and NIEs'lization of Taiwan's Economy Blending with Japan's Globalization: A Global Perspectivep. 223
10. From Dependency to Interdependency: Taiwan's Development Path toward a Newly Industrialized Countryp. 241
Indexp. 279
About the Editor and Contributorsp. 281