"What’s going on? It’s a tale of globalisation, adaptation, political neglect and missed opportunities. The old Taiwanese model was simple. The backbone of the economy was low-cost and low-margin manufacturing, which local factory bosses performed on behalf of big Western brands. Whether it was churning out computers, textiles, or toys on behalf of foreign firms, Taiwan did it cheaper than the competition."
Posted on: Thu, 04 Jul 2013 23:48:24 +0000
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