The strategies adopted by Taiwan in response to the global financial crisis, and Taiwan's role in Asia-Pacific economic integration

The global financial crisis that began in 2008 exposed weaknesses in Taiwan's industrial structure and in the structure of its foreign trade; it also pointed out the importance of industrial upgrading and transformation if Taiwan is to remain economically competitive. The aim of this paper is to explore the strategies that Taiwan has adopted in response to the global economic crisis, and the medium- and long-term strategies that Taiwan will need to adopt in the face of the trend towards economic integration in the Asia-Pacific region. (C) 2010 Elsevier B.V. All rights reserved.