Industrial Development of Taiwan: Past Achievement and Future Challenges Beyond 2020

Taiwan was once a successful model of a country that had transformed itself from an underdeveloped economy to a high-tech industrialized island and undergone a revolution from an authoritarian regime to a democratic one. However, it is now experiencing a significant economic slowdown and facing multifaceted challenges such as low productivity, stagnant innovation culture, aging population, sustainable energy mix, pension reform, upgrading of human resources, devising competition policy, and managing complicated cross-Strait relationship with China. This edited book looks at Taiwans past successful development model, summarizes its current situation, outlines the future challenges beyond 2020, and provides policy recommendations in these areas. The contributors are accomplished veteran scholars and policy-makers.

Format: Paperback / softback
Length: 326 pages
Publication date: 30 September 2022
Publisher: Taylor & Francis Ltd

Before the dawn of the twenty-first century, Taiwan was widely celebrated as a remarkable example of a nation that had successfully transitioned from an underdeveloped economy into a high-tech, industrialized island, while also undergoing a profound democratic transformation from an authoritarian regime. However, the island is currently grappling with a significant economic slowdown, accompanied by a multitude of complex challenges. These challenges include low productivity, a stagnant innovation culture within small and medium-sized enterprises, an aging population, the need for a sustainable energy mix, pension reform, human resources upgradation, the formulation of competition policies to incentivize innovation while curbing monopolistic abuses, mitigating competition from countries with lower labor costs, and navigating the intricate cross-Strait relationship with China.

To address these challenges, the edited book delves into Taiwan's past successful development model, providing a comprehensive summary of the island's current situation. It also outlines the future challenges that lie beyond the year 2020, offering valuable policy recommendations in these critical areas. The contributors to this volume are accomplished veteran scholars with extensive experience in their respective fields. Several of them previously held policy-making positions at the level of ministers or deputy ministers, ensuring that the book not only contributes to academic discourse but also provides policy-relevant insights.

The book's chapters are organized in a logical and coherent manner, making it easy to navigate and comprehend. Each chapter is authored by experts in their respective fields, providing a wealth of knowledge and expertise. The chapters cover a wide range of topics, including economic development, innovation, governance, social welfare, and international relations. The authors offer insightful analysis and recommendations based on their extensive research and experience, providing valuable insights for policymakers, scholars, and anyone interested in understanding Taiwan's past, present, and future.

In conclusion, the edited book "Taiwan's Challenges and Opportunities in the 21st Century" is a valuable resource for anyone seeking to understand the complexities of Taiwan's development journey. It provides a comprehensive analysis of the island's past, present, and future challenges, offering valuable policy recommendations to navigate the road ahead. The contributions of the accomplished scholars and former policy-makers make this book a must-read for anyone interested in Taiwan's economic, social, and political development.

Weight: 600g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367674830