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Governing the Economic Transition

HowTaiwan Transformed its Industrial System to Attain Virtuous Cycle Development

Bibliographic Data

ID4948696
AuthorsChan‐yuan Wong (0000-0002-8725-8957, University of Malaya), Mei‐chih Hu (National Tsing Hua University), Jyh‐wen Shiu (Industrial Technology Research Institute)
Year2015
Volume32
Issue3
Pages365-387
Publication date2015-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueReview of Policy Research (JOURNAL)
Journal identifiersISSN: 1541-132X • E-ISSN: 1541-1338
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ropr.12122
OpenAlexW1519908365
LanguageEN
Citations received7
References cited43

This study explores the transitional processes of Taiwan's innovation system over the past half century, evolving from being rooted in traditional industries to attaining development in a virtuous cycle of development. Our approach is inspired by the Arena of Development theory and acknowledges the system of transformation failures, in which we highlighted the types of failures that might impede economic progress and how they were overcome in the evolutionary targeting of Taiwan's industrial development. Our findings demonstrate that the success of Taiwan's economic transition is targeted on, and evolves with, a series of macrolevel policies in the early phase of development; mesolevel institutional mechanisms to attain the industrial emergence settings; and, in pursuit of the virtuous cycle of development, the microlevel collaboration platform. We attribute the success of Taiwan's industrial system to this series of systematic government interventions. This study provides novel and salient normative principles that guide transformational policymakers in governing transitional processes of innovation system

Business · Economic system · Economics · Industrial organization · Management · Normative · Political science · Salient · Transformational leadership · Virtuous circle and vicious circle · Asian Industrial and Economic Development · China's Socioeconomic Reforms and Governance · Innovation Policy and RD

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Unique citing works7
Citations per year0,64
Citation span2015 - 2022 (8)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 7

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