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Learning from Taiwan's experience in industrial development


Abdul Karim, Noor Al-Huda and Nadarajan, Sivasegaran (2010) Learning from Taiwan's experience in industrial development. In: The Third International Conference on International Studies (ICIS 2010), 1st-2nd December 2010, Hotel Istana Kuala Lumpur. College of Law, Government and International Studies, Universiti Utara Malaysia, Sintok, pp. 1-11. ISBN 9789832078456

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Abstract

Taiwan's rapid economic growth and spectacular achievements is the result of the country’s long-term economic planning that began in the 1950s. During the period, Taiwan was only a small-scale agricultural economy. In 1952, agriculture's share of gross domestic product (GDP) in Taiwan was 32.2 percent, while industry’s share was 16.7 percent. However, in 1961, the agriculture's share fell to 25 percent, while the industrial sector's share rose to 23.7 percent. In 1962, industrial production contributed larger share of the GDP. Taiwan’s industrial development can be divided into four phases: primary import substitution (1952-57), transition and export promotion (1958-72), secondary import substitution (1973-80) and promotion of strategic and high-tech industries (1981-present). In this paper, the significance of capital, labour productivity and R&D for industrial development is also estimated by using a regression method.

Item Type: Book Section
Additional Information: Jointly organised by Ministry of Higher Education, UUM College of Law, Government & International Studies (UUM COLGIS) and Association of International Studies Malaysia (AIS)
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: College of Law, Government and International Studies
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 22 Feb 2011 07:28
Last Modified: 27 Feb 2011 03:50
URI: http://repo.uum.edu.my/id/eprint/2483

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