Taiwan
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Case Code: ECOA112 Case Length: 18 Pages Period: 2003 Pub Date: 2003 Teaching Note: Not Available |
Price: Rs.300 Organization : - Industry : - Countries : Taiwan Themes: - |
Abstract Case Intro 1 Excerpts
Introduction
Known as the silicon valley of the East, Taiwan's progress in the last few decades had been remarkable. A small country with a population of 23 million, Taiwan imported nearly all of its energy, most raw materials and various manufactured goods and agricultural items. Despite these disadvantages, hard work and sound economic management had built the country into an economic powerhouse. Taiwan enjoyed a GDP of $10,644.2 billion and a per capita Gross National Product (GNP) of $12,8701 in 2001. The Taiwanese model of development had 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. A significant portion of Taiwan's economy was still controlled by the government, but privatization and liberalization had gathered momentum. The Taiwanese authorities had been reducing tariff and non-tariff barriers as part of the country's accession to the World Trade Organization (WTO). Restrictions on financial institutions were gradually being lifted...
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