Abstract

Taiwan has seen remarkable progress in the last few decades. Taiwan is a small country and imports nearly all of its energy, most raw materials and agricultural items. But hard work and sound economic management have built the country into an economic powerhouse. The Taiwanese model of development has become a case study for many developing countries. Taiwan’s educated work force, advanced infrastructure, strategic location and a highly pro-business environment made it an excellent place to invest. Privatisation and liberalisation have gathered momentum. Taiwan has well known brands like Giant in the bicycle business and Acer in PCs. As it enters the new millennium, Taiwan faces some concerns. The country’s banking system needs to be reformed. The country recently went into recession for the first time in five decades. Taiwan faces the challenge of restoring the economy to the fast growth it is used to.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

Taiwan, Economics, Silicon Valley of the East, Japanese colony, China, Taiwan computer industry, Industrial Technology Research Institute, Challenge 2008, Economic recession, Chen Shui-Bian, Acer, Giant, Small population, Computer hardware