Abstract
Both Taiwan and South Korean governments have tried to maintain high economic growth rates through industrial upgrading at home. Over the past two decades, their exports have been shifting from manufactured goods to commodities with higher technology and capital intensity. However, the greater exports of high-technology products do not necessarily mean a success in industrial upgrading. Both countries have continued to rely on importing foreign technology, particularly from the US and Japan. At the same time, both are facing growing competition from their Chinese counterparts. Taiwan and South Korea’s economic growth prospect could become feeble if they are not able to maintain technology superiority vis-à-vis China.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Campbell, Joel R. (2012). Building an IT economy: South Korea science and technology policy. Center for technology innovation at Brookings. Retrieved October 23, 2017, from https://www.brookings.edu/wp-content/uploads/2016/06/CTI_19-_Korea_Tech_Paper_Formatted.pdf
Chu, W.-w. (2015). Latecomer upgrading in Taiwan. Journal of the Asia-Pacific Economy, 20(3), 369–384.
CNA News. (2013, December 7). Interest rate is the key for the potential fall of housing prices. Retrieved December 11, 2013, from http://www.cna.com.tw/news/afe/201312070149-1.aspx (in Chinese).
Council for Economic Planning and Development (CEPD, Taiwan). (2017). Taiwan’s Industrial Development Policy (tai wan chan ye fa zhan zheng ce). Retrieved March 1, 2018, from https://www.ndc.gov.tw/Content_List.aspx?n=80BC9D0DD7FF1FBB
Focus Taiwan News Channel (2010, March 30). Taiwan approves record amount of investment in China in 2010. Retrieved April 1, 2011, from http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?ID=201103300039&Type=aECO
Gupta, N., Healey, D. W., & Shipp, S. S. (2013, August). Innovation policies of South Korea. Institute for Defense Analyses. Retrieved October 23, 2017, from https://www.ida.org/idamedia/Corporate/Files/Publications/STPIPubs/ida-d-4984.ashx
Korea International Trade Association (KITA). (2015, July 3). Export Competition between Korea and Japan is Getting Fiercer in the U.S. Import Market. Retrieved May 8, 2017, from http://www.kita.org/about/iitView.do?id=&no=1811&searchWrd=&pageIndex=1
Ministry of Science and Technology (Taiwan). (2016, December 5). Taiwan’s scientific technology development and prospect. The tenth National Science and Technology Conference. Retrieved May 8, 2017, from https://www.most.gov.tw/tc/10th/images/present.pdf
Ministry of Strategy and Finance (ROK). (2017). Service sector development plan. Retrieved May 4, 2017, from https://english.mosf.go.kr/
National Development Council (Taiwan). (2002). Taiwan Statistical Data Book 2002. Taipei: Executive Yuan (Taiwan).
National Development Council (Taiwan). (2016). Taiwan Statistical Data Book 2016. Taipei: Executive Yuan (Taiwan).
National Statistics (Taiwan). (2017). Retrieved April 12, 2017, from http://www.stat.gov.tw/mp.asp?mp=4
OECD. (2006). Glossary of statistical terms. Retrieved May 8, 2017, from https://stats.oecd.org/glossary/detail.asp?ID=2693
OECD. (2009). OECD review of innovation policy: Korea. Paris: OECD Publishing.
OECD. (2015, October). Korea: Policy priorities for a dynamic, inclusive and creative economy. Retrieved May 3, 2017, from https://www.oecd.org/korea/korea-policy-priorities-for-a-dynamic-inclusive-and-creative-economy-EN.pdf
Park, D., & Shin, K. (2012). Performance of the Service Sector in the Republic of Korea: An Empirical Investigation. ADB Economics Working Paper Series, No. 324. Retrieved October 23, 2017, from https://www.adb.org/sites/default/files/publication/30081/economics-wp324.pdf
Science & Technology Policy Research and Information Center (Taiwan). (2012). Yearbook of Science and Technology (zhong hua min guo ke xue ji shu nian jian). Taipei: Science & Technology Policy Research and Information Center.
Su, Y-W. (2016). South Korea’s government’s policy measure to promote potential service sectors (han guo zheng fu ji ji fa zhan qian li fu wu ye zhi zuo fa). WTO Paper 493. Retrieved October 23, 2017, from http://web.wtocenter.org.tw/Page.aspx?nid=126&pid=275507
The STAR Online. (2017, April 5). South Korea’s high-tech economy threatened by Chinese catch-up. Retrieved May 7, 2017, from http://www.thestar.com.my/tech/tech-news/2017/04/05/south-koreas-high-tech-economy-threatened-by-chinese-catch-up/
The World Bank. (2017). World Bank Open Data. Retrieved May 8, 2017, from http://data.worldbank.org/indicator/TX.VAL.TECH.CD?page=1
United Nations Conference on Trade and Development (UNCTAD). Retrieved May 8, 2017., from http://unctadstat.unctad.org/EN/Index.html
World Trade Organization. (2016). World Trade Statistical Review 2016. Retrieved May 4, 2017, from https://www.wto.org/english/res_e/statis_e/wts2016_e/wts16_toc_e.htm
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2018 The Author(s)
About this chapter
Cite this chapter
Chiang, MH. (2018). Comparing Governments’ Policies in Promoting Economic Growth (I): Industrial Upgrading Policies. In: Post-Industrial Development in East Asia. Palgrave Pivot, Singapore. https://doi.org/10.1007/978-981-13-0274-9_4
Download citation
DOI: https://doi.org/10.1007/978-981-13-0274-9_4
Published:
Publisher Name: Palgrave Pivot, Singapore
Print ISBN: 978-981-13-0273-2
Online ISBN: 978-981-13-0274-9
eBook Packages: Business and ManagementBusiness and Management (R0)