Key Features of Taiwan
Based on the information from Ministry of Economic Affairs, The World Economic Forum (WEF) has listed Taiwan as one of "super-innovation countries" in the "2018 Global Competitiveness Report" with other three countries: Germany, the United States, and Switzerland. In the Global Entrepreneurship Development Institute’s Global Entrepreneur ship Index report, Taiwan was ranked 11th in terms of Entrepreneurial Aspirations. These rankings show that whether in terms of actual company R&D expenditures or entrepreneurial aspirations, Taiwan is among the countries leading the way forward.
The distribution of industrial clusters in Taiwan can generally be categorized into electronics and technology in the north, precision machinery in central regions, and petrochemicals and heavy industry in the south area. The World Economic Forum's “Global Competitiveness Report 2018” names Taiwan's “State of Cluster Development” fifth best in the world. Taiwan offers fast-responses sound industrial supply chains that provide customized components.
More than 300,000 new graduates at the junior college and university level or above enter the job market. In the World Economic Forum's “Global Competitiveness Report 2017 – 18” Taiwan's ranking for labor market efficiency is number 25 out of 137 economies.