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Taiwan, once one of the world's leading manufacturing economies, is
now transforming into a service economy, with an emphasis on
knowledge-based services. This metamorphosis has not been easy. As
well as major changes in the industrial sector, human resource and
policy development have been required, the experiences and
implications of which are addressed in this book. Although Taiwan
is only in the initial stage of transition from a material- or
capital-based economy to a knowledge-based economy, the process has
already provided valuable lessons to be learnt. The ramification of
transformations in manufacturing, agriculture, finance, services,
and the information technology industry are examined and discussed.
Tain-Jy Chen and Joseph S. Lee go on to reveal the problems and
difficulties that Taiwan has encountered in creating itself a new
knowledge based economy, including its outmoded service sector, the
inability of businesses to pursue global production and services,
and the lack of capacity to create knowledge and to innovate.
Providing a discernible insight into the transformation of one of
the most prominent newly industrialized countries into a
knowledge-based economy, this book will greatly appeal to
academics, researchers, and those with a specific interest in
knowledge management or Asian economies, as well as to economic
analysts.
The debate on whether high standards of labour market legislation
affect economic growth and the rate of employment is topical and
important. The contributors to this book address three main issues:
how Taiwan's labour market was able to work so well prior to 1996,
maintaining full employment for the last 40 years, regardless of
the rapid change of industrial structure in the 1980s; what factors
can be attributed to the rapid deterioration of Taiwan's labour
market performance since 1996; the measures adopted by the Taiwan
government in tackling the recent high unemployment rate, how
effective these policies are and what lessons scholars and public
policy makers in other countries can learn from Taiwan's
experience. An integrated labour-market model (a revision of the
Harris-Todaro dualistic labour market model) is presented which can
be used to analyze labour market operation in other developing
countries. The effectiveness of various policies adopted by the
Taiwanese government in tackling high unemployment rate is examined
and the findings shed light on public policies in other developing
and newly industrialized countries.The Labour Market and Economic
Development of Taiwan will appeal to scholars of Asian studies,
public policy, economic development and labour economists.
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