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Title: "Industrial Upgrading through Low-Cost and Fast Innovation - Taiwan's Experience"
Author: Ernst Dieter
Source: East-West Center Working Papers, Economics Series, No. 133
Publication Date: September 2013
Free/Fee: Free Access
Reads: 1253
Abstract: This paper examines the forces that drive Taiwan's new strategy of &quot;Upgrading through Low-Cost and Fast Innovation.&quot; The first section highlights characteristics of Taiwan's traditional &quot;Global Factory&quot; 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 &quot;low-cost and fast innovation through domestic and global innovation networks.&quot; Finally, section 4 examines the role of government and key policies and initiatives in the IT industry.
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