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

See all articles by Dieter Ernst

Dieter Ernst

East-West Center; Centre for International Governance Innovation (CIGI)

Date Written: September 1, 2013

Abstract

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

Ernst, Dieter, Industrial Upgrading Through Low-Cost and Fast Innovation – Taiwan's Experience (September 1, 2013). East-West Center Working Paper No. 133. Available at SSRN: https://ssrn.com/abstract=2389086 or http://dx.doi.org/10.2139/ssrn.2389086

Dieter Ernst (Contact Author)

East-West Center ( email )

1601 East-West Road
Honolulu, HI 96848-1601
United States

Centre for International Governance Innovation (CIGI) ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

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