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This volume was conceived to further the understanding of the transformation of the Taiwan economy over the past four decades and thus to throw light on issues in development theory and policy, especially for other developing economies. It is built on the micro foundation of a series of enterprise field studies which were conducted by a consortium of eight Taiwan universities under the auspices of Taiwan's National Science Council. Although Taiwan's status as one of the "four dragons" and a rapidly growing Asian Pacific economy is well understood, information on its development remains relatively scarce. Publications of most international organizations rarely include Taiwan as an entity, and scholarly analysis of the causes of the Taiwan miracle are often speculative. Those based on empirical research are by and large at the macro level; few are based on field studies of one of the most critical factors - Taiwan's enterprises. This volume aims to fill the void and goes a long way toward developing a micro perspective on this important economy.
Includes articles on international business opportunities.
Exploring the transitional role of the state in Taiwan's economic development, this book focuses especially on the impact of trade with mainland China. Tse-Kang Leng argues that the basic structure of political forces within Taiwan and its pattern of external economic relations have been transformed in the 1990s, with cross-Straits trade playing a key part. Although politically embarrassing to the government, this trade provides an economic opportunity that is irresistibly attractive to business interests.Thus, cross-Straits trade and investment have served as a fulcrum by which societal interests have moved an unwilling state. Going beyond the ?strong state? paradigm, the author's analysis of current cross-Straits economic policies reveals a sharp contrast between Taiwan's authoritarian past and its current era of democratization. Weighing the crucial forces at work in Taiwan?democratization, state-society interaction, and economic interdependence with mainland China?Leng provides a thorough analysis of Taiwan's political and economic development in the 1990s and beyond.