Foreign labour entered into Taiwan during the period of increasing domestic real wages and appreciation of its currency. Prior to the opening of the labor market, illegal foreign laborers constituted only about 1% of the total labor force. The opening of the labor market in 1989 created various opportunities for foreign laborers in public construction companies, personal services, and manufacturing industries. The process was speeded up after labor importation was legalized in 1992. The foreign workforce in Taiwan is mainly comprised of laborers from Thailand and Philippines.
Publication Name: ASEAN Economic Bulletin
Cause of growth: A study of Taiwan's bicycle industry
The history of Taiwan's bicycle and parts industries has been traced through from large OEM orders from American importers to the emergence of many small and medium-sized enterprises (SMEs) which helped to develop a parts suppliers' network. The industry was able to respond quickly with regard to production capability and entrepreneurship. Accumulated learning, the favourable environment and production globalization were all necessary conditions for the growth of the industry.
Publication Name: Cambridge Journal of Economics
The tiger that remains unbowed
The Asian market crisis has had very little impact on Taiwan. This may be because Taiwan's diverse industrial base is supported by a well-regulated banking system. Taiwan also has a history of strong economic growth. Taiwan's economic reserves are the second highest in the world and foreign debt is negligible. The country's negative factors are due to success rather than weakness.
Publication Name: Asian Review of Business and Technology
- Abstracts: Total factor productivity growth in Singapore's service industry. The sustainability of current account deficits: a test of the US intertemporal budget constraint
- Abstracts: Mexico and export-led growth: the Porfirian period revisited. Okun's law revisited
- Abstracts: The 'Hong Kong' solution to the overfishing problem: a study of the cultured fish industry in Hong Kong. First You Drink Your Puffer Fish
- Abstracts: Privatization and restructuring: an incomplete-contract approach. Corporate restructuring and the consolidation of US industry