THE ENTREPRENEURIAL SUCCESS OF TAIWAN: SYNERGY BETWEEN TECHNOLOGY, SOCIAL CAPITAL AND INSTITUTIONAL SUPPORT

Abstract

The economic development of Taiwan, from a poor island colony to a world leader in electronic hardware manufacturing, has been spectacular. This study shows that the success of Taiwan may be largely attributed to the synergistic combination of two separate factors: (1) the utilization of unique social capital inherent in the Chinese family entrepreneurs, and (2) the institutional support from the government and other entities, such as Technology Parks, for the creation of scientific and technical knowledge and, most important, for the diffusion and exploitation of technology-based opportunities by these family businesses.

Citation

Ding, H.-b. and Abetti, P.A. (2003), "THE ENTREPRENEURIAL SUCCESS OF TAIWAN: SYNERGY BETWEEN TECHNOLOGY, SOCIAL CAPITAL AND INSTITUTIONAL SUPPORT", Libecap, G.D. (Ed.) Issues in Entrepeneurship (Advances in the Study of Entrepreneurship, Innovation and Economic Growth, Vol. 14), Emerald Group Publishing Limited, Leeds, pp. 91-123. https://doi.org/10.1016/S1048-4736(02)14005-7