Entrepreneurship and Taiwan's Economic Dynamics
Taiwan's economic success is well known and considered to be one of the "East Asian Miracles" by the World Bank. This book examines the contributions of dynamic entrepreneurs to the economic development of Taiwan. It adopts Austrian theories of entreprene
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Fu-Lai Tony Yu
Entrepreneurship and Taiwan’s Economic Dynamics
Fu-Lai Tony Yu Department of Economics and Finance Hong Kong Shue Yan University Hong Kong People’s Republic of China
ISBN 978-3-642-28263-8 ISBN 978-3-642-28264-5 (eBook) DOI 10.1007/978-3-642-28264-5 Springer Heidelberg New York Dordrecht London Library of Congress Control Number: 2012935780 # Springer-Verlag Berlin Heidelberg 2012 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Preface
Taiwan’s economic success is well known. Taiwan has been referred by the World Bank as one of the ‘East Asian miracles’. Economic studies on East Asia economies in general and Taiwan in particular are not lacking. However, entrepreneurship, which is the true engine of growth, is largely missing in literatures. This book adopts Austrian theories of entrepreneurship and market process as a major analytical framework. Specifically, the book focuses on knowledge and coordination problems. It examines how entrepreneurs identify and pursue profit opportunities under uncertainty, and how their efforts have enhanced Taiwan’s economic dynamics. This book sheds new light on the economic development of Taiwan. This volume puts together eight papers while the author taught economics and entrepreneurship at Feng Chia Unive
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