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The Political Economy of Taiwan’s Development into the 21st Century

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The Political Economy of Taiwan’s Development into the 21st Century

Essays in Memory of John C.H. Fei, Volume 2

9781858988795 Edward Elgar Publishing
Edited by the late Gustav Ranis formerly Frank Altschul Professor of International Economics and Director, Yale Center for International and Area Studies, Yale University, US, Sheng-Cheng Hu, formerly Minister without Portfolio, Executive Yuan, Academia Sinica, Taiwan and Professor of Economics (Joint Appointment), National Taiwan University, Taiwan, and Yun-Peng Chu, Professor of Economics and Director, Research Center for Taiwan Economic Development, National Central University, Taiwan
Publication Date: 1999 ISBN: 978 1 85898 879 5 Extent: 360 pp
Over the past four decades, Taiwan has achieved remarkable economic growth. In this important book, a distinguished group of contributors employs a comparative perspective to explore the reasons behind and the lessons to be learned from Taiwan’s success.

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Critical Acclaim
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Contents
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Over the past four decades, Taiwan has achieved remarkable economic growth. In this important book, a distinguished group of contributors employs a comparative perspective to explore the reasons behind and the lessons to be learned from Taiwan’s success.

Included in the analysis is an insight into the strategy for economic development, the effectiveness of import substitution and the influence of foreign firms in Taiwan’s development. The contributors also analyze the implications of development for income distribution and assess the effect of economic growth on inequality, female labor force participation and income mobility. The possibilities for a more even income distribution are then examined within the context of technological progress and a better education system. Finally, the authors explore the institutional foundation for industrialisation and the relationship between democratization and economic development in order to help explain Taiwan’s extraordinary achievement.

This book will be of great interest to scholars of Asian studies, development studies and international economics.
Critical Acclaim
‘. . . a welcome book, of particular use to graduate schools.’
– A.J.H. Latham, Asia Pacific Business Review
Contributors
Contributors: V.-L. Chan, B.-L. Chen, L.-T. Chen, T.-J. Chen, P.C.R. Cheng, C.Y.C. Chu, W.-W. Chu, Y.-P. Chu, G.S. Fields, M. Hsu, S.-C. Hu, Y.-H. Ku, J.B. Leary, R.H. Myers, G. Ranis, T.P. Schultz, K.-Y. Shih, C. Shive, M.-C. Tsai, W-T. Wang, P.G. Warr
Contents
Contents: Preface Part I: Overview 1. Reflections on the Economics and Political Economy of Development at the Turn of the Century Part II: Sources of Development 2. How Was Taiwan’s Economy Opened Up? The Foreign Factor in Appraisal 3. Growth and Catch-up in a Cross-section of Local Manufacturing Industries 4. Second-stage Import Substitution: The Taiwan Experience 5. Linkage and Uneven Growth: A Study of Taiwan’s Manmade Fiber Industry Part III: Income Distribution and Development 6. Poverty, Inequality and Economic Growth in Taiwan 7. Income Inequality in Taiwan 1976-95: Changing Family Composition, Aging and Female Labor-force Participation 8. Economic and Demographic Aspects of Taiwan’s Rising Family Income Inequality 9. Estimating the Intergenerational Income Mobility Matrix Using the Pseudo Panel Data 10. Implications of Technology and Education for Wage Dispersion: Evidence from Taiwan Part IV: Institutions and Development 11. The Institutional Foundation of Taiwan’s Industrialization: Exploring the State-Society Nexus 12. The Devolution of Power, Democracy and Economic Development in the Republic of China on Taiwan: The Taiwan Provincial Assembly, 1949-65 Index
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