Creating an Economic Strategy for Taiwan
Creating an Economic Strategy for Taiwan
Prof. Michael E. Porter Harvard Business School Global Leaders Forum Taipei, Taiwan April 8, 2010
This presentation draws on ideas from Professor Porter’s articles and books, including, The Competitive Advantage of Nations (The Free Press, 1990), “The Microeconomic Foundations of Economic Development,” in The Global Competitiveness Report, (World Economic Forum), “Clusters and the New Competitive Agenda for Companies and Governments” in On Competition (Harvard Business School Press, 1998) and ongoing research at the Institute for Strategy and Competitiveness. Additional information may be found at the website of the Institute for Strategy and Competitiveness, www.isc.hbs.edu No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means - electronic, mechanical, photocopying, recording, or otherwise - without the permission of Michael E. Porter.
Taiwan Competitiveness 20100408
1
Copyright © 2010 Professor Michael E. Porter
Taiwan’s Current Malaise
• • •
Recent economic downturn Highest unemployment in decades Uncertainty of future relationship to China
Taiwan Competitiveness 20100408
2
Copyright © 2010 Professor Michael E. Porter
Taiwan’s Current Malaise
• • •
Recent economic downturn Highest unemployment in decades Uncertainty of future relationship to China
Slide from “The Competitive Advantage of Taiwan” Commonwealth Speech delivered on July 31, 2001
Taiwan Competitiveness 20100408
3
Copyright © 2010 Professor Michael E. Porter
Prosperity Performance
PPP-adjusted GDP per Capita, 2000 ($USD)
$60,000
Selected Countries, 1990 to 2000
OECD average: 4.15%
$50,000
$40,000
Norway United States Switzerland Belgium Iceland Japan Austria Canada Sweden Finland Italy France Netherlands Denmark Australia Hong Kong United Kingdom Germany Spain Israel Portugal South Korea Singapore Ireland OECD average: $24,590
Prof. Michael E. Porter Harvard Business School Global Leaders Forum Taipei, Taiwan April 8, 2010
This presentation draws on ideas from Professor Porter’s articles and books, including, The Competitive Advantage of Nations (The Free Press, 1990), “The Microeconomic Foundations of Economic Development,” in The Global Competitiveness Report, (World Economic Forum), “Clusters and the New Competitive Agenda for Companies and Governments” in On Competition (Harvard Business School Press, 1998) and ongoing research at the Institute for Strategy and Competitiveness. Additional information may be found at the website of the Institute for Strategy and Competitiveness, www.isc.hbs.edu No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means - electronic, mechanical, photocopying, recording, or otherwise - without the permission of Michael E. Porter.
Taiwan Competitiveness 20100408
1
Copyright © 2010 Professor Michael E. Porter
Taiwan’s Current Malaise
• • •
Recent economic downturn Highest unemployment in decades Uncertainty of future relationship to China
Taiwan Competitiveness 20100408
2
Copyright © 2010 Professor Michael E. Porter
Taiwan’s Current Malaise
• • •
Recent economic downturn Highest unemployment in decades Uncertainty of future relationship to China
Slide from “The Competitive Advantage of Taiwan” Commonwealth Speech delivered on July 31, 2001
Taiwan Competitiveness 20100408
3
Copyright © 2010 Professor Michael E. Porter
Prosperity Performance
PPP-adjusted GDP per Capita, 2000 ($USD)
$60,000
Selected Countries, 1990 to 2000
OECD average: 4.15%
$50,000
$40,000
Norway United States Switzerland Belgium Iceland Japan Austria Canada Sweden Finland Italy France Netherlands Denmark Australia Hong Kong United Kingdom Germany Spain Israel Portugal South Korea Singapore Ireland OECD average: $24,590