Industrial upgrading through low-cost and fast innovation--Taiwan's experience

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2013-09

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Honolulu, HI : East-West Center

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This paper examines the forces that drive Taiwan's new strategy of "Upgrading through Low-Cost and Fast Innovation." The first section highlights characteristics of Taiwan's traditional "Global Factory" innovation model and examines the role of innovation policy in that model. Section 2 reviews fundamental weaknesses that define the requirements of Taiwan's new innovation strategy. Section 3 explores Taiwan's new strategy of "low-cost and fast innovation through domestic and global innovation networks." Finally, section 4 examines the role of government and key policies and initiatives in the IT industry.

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For more about the East-West Center, see http://www.eastwestcenter.org/

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Industries - Taiwan, Technological innovations - Government policy - Taiwan, Taiwan - Economic policy, Strategic planning - Taiwan

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18 p.

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