Industrial Upgrading Through Low-Cost and Fast Innovation – Taiwan's Experience
East-West Center Working Paper No. 133
20 Pages Posted: 2 Feb 2014 Last revised: 17 Mar 2016
Date Written: September 1, 2013
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.
Keywords: Industrial Upgrading, Innovation, Taiwan, Electronics Industry
JEL Classification: L63, N65,O14, 031, 032, 038, 053
Suggested Citation: Suggested Citation