Taiwan in the Global Economy: From an Agrarian Economy to an Exporter of High-Tech Products

(Hardback)

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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. 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.

Reviews

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....Recommended for professional libraries and academic collections, upper-division undergraduate and up.-Choice
"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....Recommended for professional libraries and academic collections, upper-division undergraduate and up."-Choice

Author Bio

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 TradeThe Engine of Growth in East Asia (1993) and Weathering the Storms: Taiwan, Its Neighbors and Asian Financial Crisis (2000).