Title
Industrial Upgrading through Low-Cost and Fast Innovation – Taiwan’s Experience
Author
Ernst Dieter
Date
2/25/2015
(Original Publish Date: 2013)
(Original Publish Date: 2013)
Abstract
This paper examines the forces that drive Taiwan's new strategy of "Upgrading through Low-Cost and Fast Innovation." The first section highlights characteristics of Taiwan's traditional "Global Factory" 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 "low-cost and fast innovation through domestic and global innovation networks." Finally, section 4 examines the role of government and key policies and initiatives in the IT industry.