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Taiwan's Industrial Policy in the 1980s: An Appraisal[Note 1. I am grateful to Ross Garnant, Peter Drysdale, Richard ...]
Author(s) -
Smith Heather
Publication year - 1997
Publication title -
asian economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.345
H-Index - 28
eISSN - 1467-8381
pISSN - 1351-3958
DOI - 10.1111/1467-8381.00021
Subject(s) - restructuring , liberalization , economics , order (exchange) , industrial policy , government (linguistics) , economic system , economic policy , market economy , finance , linguistics , philosophy
In the early 1980s, Taiwan embarked on a development programme designed to shift the economy away from reliance on labour‐intensive industries towards the development of technology‐intensive products and industries. While continuing to pursue ongoing trade liberalization, the government simultaneously adopted a sectoral policy of identifying and promoting “strategic industries” in order to further industrial development and restructure industry. This assessment suggests that the success of this strategy has at best been debatable.