Key Features of Taiwan

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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.

Industrial Clusters

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.

Labor Force

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.

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