Taiwan's Economic Transformation in Evolutionary Perspective

The book is divided into three parts, consisting of 13 chapters. They examine entrepreneurship, innovative systems and government policies in Taiwan. Part I explores the relationship between entrepreneurship and the economic development of Taiwan. Part II examines the innovation systems of Taiwan while Part III attempts to understand the role of the government in Taiwan's economic transformation. Taiwan's economic success is well documented in mainstream neo-classical economic literatures. Since the end of the Second World War, Taiwan has transformed in around 60 years time from a farmland to a high tech industrial economy. This miraculous' performance has intrigued scholars to search for an explanation of Taiwan's success and more importantly, a development model for latecomer economies. It is generally admitted by scholars (including those from the neo-classical school) that Taiwan's economic success is, to a large extent, attributed to its dynamic entrepreneurs. However, economic studies on the role of entrepreneurship in the economic development of Taiwan have been few to date.