Econ 4450 (2010) Note 10 - Econ 4450 Note 10 1 Case 4...

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Econ 4450 Note 10 1
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Case 4 Taiwan in Machinery Industries Machinery is heterogeneous Does its production require government intervention? The evidence is not entirely clear Three sub-cases for Taiwan deserve consideration: Government measures a) Machine tools Very little intervention b) Bicycles Some intervention c) Sewing machines Some intervention 2
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a) Machine tools industry (Small and medium firms) Wan ‘04 p.96 Source of initial labor force: Repairmen for Japanese warplanes in WWII Equipment in sugar refineries Introduction of technology ( some through ITRI ) Provision of loans by state banks Performance – internationally competitive (more so than India) sustained VER due to US pressure Source of progress – Clients in international sub-contracting Limitation: dominated by European, Japanese firms 3
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b) Bicycles Wan ‘04, pp. 118-122 . Source of initial labor force: Assembling bicycles during the import control phase Introduction of technology Source of progress – Clients in international sub-contracting
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This note was uploaded on 04/29/2010 for the course ECON 4450 taught by Professor Wan during the Spring '09 term at Cornell University (Engineering School).

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Econ 4450 (2010) Note 10 - Econ 4450 Note 10 1 Case 4...

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