Taiwan Entrepreneurship

Total Taiwanese Entrepreneurial ActivityAverage = 4.3%

Taiwan has a dynamic capitalist economy with gradually decreasing guidance of investment and foreign trade by government authorities. In keeping with this trend, some large government-owned banks and industrial firms are being privatized. Exports have provided the primary impetus for industrialization. The trade surplus is substantial, and foreign reserves are the world's third largest. Agriculture contributes less than 2% to GDP, down from 32% in 1952. Taiwan is a major investor throughout Southeast Asia. China has overtaken the US to become Taiwan's largest export market. Because of its conservative financial approach and its entrepreneurial strengths, Taiwan suffered little compared with many of its neighbors from the Asian financial crisis in 1998. Growing economic ties with China are a dominant long-term factor, e.g., exports to China of parts and equipment for the assembly of goods for export to developed countries. Entrepreneurship in Taiwan is ranked 4.3% total entrepreneurship activity.

The spirit of entrepreneurship is growing in Taiwan. Taiwan's economic development since World War 11 has been fueled by over one million small and medium sized enterprises, which resulted in Taiwan's inclusion as one of the four East Asian Tiger economies. Most small scale start-ups are funded by family and friends and managed as family businesses. Qualified human resources are readily available in a nation where the literacy rate is over 99.5%. The Taiwanese government actively supports the development of small and medium sized high-tech enterprises by publicly funding incubator centers in partnership with institutions of higher education.

Taiwan Entrepreneurship Articles

Taiwanese Business Directory

Taiwan International Trade and Culture Center

American Institute in Taiwan (equivalent to American Embassy)

Taiwanese Government Services Site in English

Entrepreneurship in Taiwan: Turning Point to Restart
Entrepreneurship in Emerging Economies
ENTREPRENEURSHIP IN PACIFIC ASIA Past, Present and Future
Industrial Development and Structural Adaption in Taiwan
Entrepreneurship and Innovation in Taiwan
Taipei Trade Shows
Taiwan Exporter Database
Trading in Taiwan, Business Proposals in Taiwan, Infrastructure Projects in Taiwan
Outlook for Incubator Center Development in Taiwan
Entrepreneurship and Innovation in Taiwan
Global Entrepreneurship Levels Plummet, Report Finds - Highest Activity in Asian Countries
Setup a Platform for Entrepreneurship and Incubation SME
Beyond Entrepreneurship: Creating a Sustainable Entrepreneurial Economy in Taiwan
Entrepreneurship in Emerging Economies
Entrepreneurship for the Future Series, Volume 3: "Patterns and Trends in Entrepreneurship/SME Policy and Practice in Ten Economies"
Entrepreneurship Policy for the Future: Best Practice Components
The Indigenous Dynamic in Taiwan's Postwar Development: The Religious and Historical Roots of Entrepreneurship (Taiwan in the Modern World)
Industrial Development and Structural Adaptation in Taiwan - Some Issues of Learned Entrepreneurship
The Laoban Led Development of Business Enterprise in Taiwan - An Analysis of Chinese Entrepreneurship
Taiwan's Future Place in the Economic World
Engendering a "Miracle": Women's Work and the Economy of Taiwan
Men Go Out Working, Women Stay in: The Gender Division of Labor and Economic Rationality in Japan and Taiwan
Women in Business: Gender, Family, and Entrepreneurship in Urban Taiwan

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Quick Facts:
Population: 22,974,347
GDP: $738.8 Billion ('08)
GDP Growth Rate: 1.9% ('08)
GDP per Capita: $31,900
Government: Multiparty Democracy