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Governing the Economic Transition: How Taiwan Transformed its Industrial System to Attain Virtuous Cycle Development

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...

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Main Authors: Wong, C.Y., Hu, M.C., Shiu, J.W.
Format: Article
Published: Wiley 2015
Subjects:
Q Science (General)
T Technology (General)
Online Access:http://eprints.um.edu.my/19458/
http://dx.doi.org/10.1111/ropr.12122
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spelling my.um.eprints.194582018-09-28T04:54:03Z http://eprints.um.edu.my/19458/ Governing the Economic Transition: How Taiwan Transformed its Industrial System to Attain Virtuous Cycle Development Wong, C.Y. Hu, M.C. Shiu, J.W. Q Science (General) T Technology (General) 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. Wiley 2015 Article PeerReviewed Wong, C.Y. and Hu, M.C. and Shiu, J.W. (2015) Governing the Economic Transition: How Taiwan Transformed its Industrial System to Attain Virtuous Cycle Development. Review of Policy Research, 32 (3). pp. 365-387. ISSN 1541-132X http://dx.doi.org/10.1111/ropr.12122 doi:10.1111/ropr.12122
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic Q Science (General)
T Technology (General)
spellingShingle Q Science (General)
T Technology (General)
Wong, C.Y.
Hu, M.C.
Shiu, J.W.
Governing the Economic Transition: How Taiwan Transformed its Industrial System to Attain Virtuous Cycle Development
description 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.
format Article
author Wong, C.Y.
Hu, M.C.
Shiu, J.W.
author_facet Wong, C.Y.
Hu, M.C.
Shiu, J.W.
author_sort Wong, C.Y.
title Governing the Economic Transition: How Taiwan Transformed its Industrial System to Attain Virtuous Cycle Development
title_short Governing the Economic Transition: How Taiwan Transformed its Industrial System to Attain Virtuous Cycle Development
title_full Governing the Economic Transition: How Taiwan Transformed its Industrial System to Attain Virtuous Cycle Development
title_fullStr Governing the Economic Transition: How Taiwan Transformed its Industrial System to Attain Virtuous Cycle Development
title_full_unstemmed Governing the Economic Transition: How Taiwan Transformed its Industrial System to Attain Virtuous Cycle Development
title_sort governing the economic transition: how taiwan transformed its industrial system to attain virtuous cycle development
publisher Wiley
publishDate 2015
url http://eprints.um.edu.my/19458/
http://dx.doi.org/10.1111/ropr.12122
_version_ 1643690994412027904
score 13.211869

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