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The evolution of Taiwan's political economy seems paradoxical. From the 1960s to 1980s, Taiwan went through economic transformations that have been called an “economic miracle.” This was followed by a successful democratic transition from the late 1980s to mid‐1990s that might be considered a “political miracle.” In the early 1990s, Taiwan could be regarded as a success story and a model for developing nations. Yet, Taiwan was soon to “enter troubled waters” marked by growing conflict and threat from China (PRC), fears about the “hollowing out” of its previously vaunted economy, and vicious polarization and gridlock in its domestic politics. We argue that many of the challenges facing Taiwan derive from unanticipated and unintended costs of its previous successes. In particular, what worked to promote successful economic and political development at one point later became counterproductive in the changed circumstances created by the country's rapid developmental trajectory. Our basic research questions, hence, are whether the challenges currently facing Taiwan's political economy can be explained by the country's past pattern of development and, if so, whether these linkages appear to be connected to success or failures in Taiwan's history. [ABSTRACT FROM AUTHOR]

The article examines the equity-crowd funding regulation in Taiwan. Topics discussed include the Title III of the U.S. JOBS Act in 2012 that expanded for-profit crowd funding platforms to fund small businesses and startups; Taiwan's the Go Incubation Board for Startup and Acceleration, a government-sanctioned public equity crowd funding platform; and Taiwan's dependence on a high level of investor protection underlying local securities regulation.

This paper examines the transformation of the textile and garment industry in Taiwan from the period after 1945, when the industry was small and inconsequential, to the contemporary period, where the industry is a world leader at the frontier of fibre and new material development. The drivers of these developments include the role of industrial policy, initial assistance from the USA, generous export-orientated, investment-friendly incentives, and regulatory pressures imposed in global markets. Taiwan successfully restructured and reached the innovation-driven phase of the industry by the late 1980s, relocating labour-intensive activities to China and Southeast Asia, with Taiwan specialising in technology-intensive activities. Although the industry's employment and exports have fallen since the 1980s, the successful evolution of firms intohigh value-added and upstream activities continues to maintain the industry's dynamism in Taiwan. [ABSTRACT FROM AUTHOR]

Discusses the differences in financial policy toward small business in South Korea, Japan, and Taiwan. Variations in small business activities among the three countries; Factors that explain financial policy toward small business; Changes in financial policy.

The primary purpose of this study is to identify factors affecting the implementation effectiveness of Taiwan's policy to privatize its government-owned banks. The study finds that ideological and sociocultural factors are basically supportive and stable in the privatization process. Nevertheless, institutional, leadership, administrative, and political variables have become major problems that hamper the implementation of Taiwan's policy to privatize its government-owned banks. [ABSTRACT FROM AUTHOR]

This study analyzes how and why the stale has played a dominant role in the process of Taiwan's industrial catch-up for semiconductors. Unlike existing literature on East Asian development (the market explanation and the developmental statist argument in particular), the author argues that the state is seldom strong and autonomous throughout time and across industrial sectors. Rather, institutional constraints of particular time and space affect the interaction among state and society players. By analyzing the developmental process of Taiwan's semiconductor industry in detail, the author argues that a relatively low economic concentration and a highly centralized S& T policy making system in Taiwan have greatly strengthened state autonomy vis-à-vis private business and at the same time decreased private business' capacity to enter risky sectors without strong state support. In addition, the nature and characteristics of Taiwan's semiconductor industry account for state autonomy at the international level. [ABSTRACT FROM AUTHOR]