q6ew5du

Recommendations

Info

GROWING TOGETHER • Taiwan and Los Angeles County SECTION ONE Historical Ties Strong Historical Relationship Based on Common Values Taiwan is officially called the Republic of China (ROC). Taiwan and the U.S. have long had strong ties and mutual respect for each other. Both countries share the common values of freedom, democracy, and respect for human rights. In the recent decades, common economic interests have further strengthened these ties as the two countries have come together to focus on economic development, international trade and commerce, and social and cultural development. In the same vein, the State of California and the County of Los Angeles have developed a strong, mutually-beneficial social and economic relationship with Taiwan. California and Los Angeles County have benefitted from several waves of immigration from Taiwan into the U.S. From the 1950s to 1979, the majority of Taiwanese immigrants who came to the U.S. were students “ California and Los Angeles County have benefitted from several waves of immigration from Taiwan into the U.S. ” pursuing their university studies. The Immigration Act of 1965 enabled Taiwanese workers who were skilled in technical and scientific professions to immigrate more easily to the U.S. Consequently, Taiwanese began to immigrate to the U.S. in large numbers, settling up and down the West Coast, but mainly in California. By the late 1970’s a large percentage of these immigrants had settled either in the Bay Area to work in Silicon Valley, or in the San Gabriel Valley in Los Angeles County. Subsequently, the next wave of Taiwanese immigrants started businesses in the U.S. and Los Angeles County. Since the 1980’s, Taiwanese immigrants have contributed to the economic and cultural landscape of California. According to the most recent U.S. Census (2010), the cities of San Jose, Sunnyvale and Santa Clara were home to 28,097 Taiwanese or Taiwanese-Americans. In San Francisco, Oakland and Fremont, Taiwanese-Americans number 27,568 individuals. However, the majority of the Taiwanese and Taiwanese-American community is concentrated in Los Angeles County, which has 45,800 persons who are Taiwanese or of Taiwanese decent. Within Los Angeles County, the Taiwanese have settled mainly in the San Gabriel Valley. In Monterey Park, a part of the city has become known as “Little Taipei.” Throughout these Taiwanese communities one can find Taiwanese temples, social organizations, restaurants and traditional markets. Between 1984 and 1999, approximately 200,000 Taiwanese immigrated to the U.S. Most of these immigrants were business professionals and students, but many were women who came to work in the garment industry or service sector industries. A decade later, The Immigration Act of 1990 gave preference to foreigners willing to invest in new businesses in the U.S. 10 LOS ANGELES COUNTY ECONOMIC DEVELOPMENT CORPORATION
GROWING TOGETHER • Taiwan and Los Angeles County SECTION TWO The Taiwanese Economy – Past, Present and the Future The Economic Miracle and Asian Tiger Summary of Taiwan’s Economic Evolution Phase 1 (1940’s) The first phase of Taiwan’s modern economic development began with reconstruction in the aftermath of World War II. During this time, Taiwan received a significant number of refugees from Mainland China who migrated to Taiwan to escape conflict and the newly established Communist government. Taiwan also received large inflows of aid from the United States during the early stages of its economic development. Phase 2 (1950’s) The second phase of Taiwan’s transformation to an industrialized economy focused on import substitution of light manufacturing industries, particularly those that utilized relatively simple technologies such as textiles and food processing. During this decade, the government also embarked on a program of privatization and land reform. The U.S. continued to support Taiwan both financially and politically. Phase 3 (1960’s) Beginning with the establishment export processing zones, economic development shifted to an export-led strategy similar to that of Japan and South Korea. This was a transformational policy choice for Taiwan, fundamentally changing the economy and laying the foundation for the country’s future economic success. Phase 4 (1970’s) The Taiwanese government began to finance and invest in major infrastructure projects to expand the productive capacity and efficiency of the economy. A major priority for the government was investment in research and development. This led to the creation of science and technology centers to support industrialization and innovation. During this time, the government instituted policies to support a move from laborintensive industries to more capital-intensive industries such as iron, steel and automobile manufacturing, while continuing to support previously established light manufacturing industries. Phase 5 (1980’s) The Taiwanese government made another important policy decision by again shifting industrial policy – this time toward the development of advanced, high-tech, high value-added industries such as electronics. The Taiwanese were extremely successful in this endeavor and were soon competing directly with Japan and South Korea. Phase 6 (1990’s to Present) The Taiwanese economy and its industrial base have fully matured. Taiwan is among the world’s leaders in high-tech manufacturing along with Japan, Germany and South Korea. Its success was built on a foundation of investment, innovation, brand recognition and the development of an educated workforce. The Economic Miracle The Taiwanese miracle refers to the rapid economic development of Taiwan that began earlier in the last century. Taiwan is one of the “Four Asian Tigers”, a group of economies that also includes Singapore, Hong Kong and South Korea. All four economies pursued a similar economic development path that initially emphasized protectionist trade policies and industrialization based on import substitution. However, Taiwan economic development strategy also included a significant amount of investment in public infrastructure as well as other critical factors. These other instrumental factors were really a combination of political, economic and social forces. Finally, another distinct feature of Taiwan’s economic development was the development of an abundance of small and medium sized enterprises that blossomed as a by-product of the political, economic and societal forces taking shape. LOS ANGELES COUNTY ECONOMIC DEVELOPMENT CORPORATION 11
Page 1: Taiwan and Los Angeles County Taipe
Page 4 and 5: GROWING TOGETHER • Taiwan and Los
Page 14 and 15: INTRODUCTION • Taiwan and Los Ang
Page 16 and 17: INTRODUCTION • Taiwan and Los Ang
Page 20 and 21: SECTION TWO • The Taiwanese Econo
Page 22 and 23: SECTION TWO • The Taiwanese Econo
Page 24 and 25: SECTION THREE • Trade Ties U.S.-T
Page 26 and 27: SECTION THREE • Trade Ties Los An
Page 28 and 29: SECTION THREE • Trade Ties The Lo
Page 30 and 31: SECTION THREE • Trade Ties Port o
Page 32 and 33: SECTION THREE • Trade Ties Port o
Page 34 and 35: SECTION THREE • Trade Ties LAX an
Page 36 and 37: SECTION THREE • Trade Ties Summar
Page 38 and 39: SECTION THREE • Trade Ties Profil
Page 40 and 41: SECTION THREE • Trade Ties The Tr
Page 42 and 43: SECTION FOUR • Investment Ties sa
Page 44 and 45: SECTION FOUR • Investment Ties ma
Page 46 and 47: SECTION FOUR • Investment Ties Ke
Page 48 and 49: SECTION FOUR • Investment Ties Pr
Page 50 and 51: SECTION FOUR • Investment Ties At
Page 52 and 53: SECTION FOUR • Investment Ties FD
Page 54 and 55: SECTION FOUR • Investment Ties So
Page 56 and 57: SECTION FOUR • Investment Ties Di
Page 58 and 59: SECTION FOUR • Investment Ties go
Page 60 and 61: SECTION FOUR • Investment Ties pr
Page 64 and 65: SECTION FIVE • Business Ties This
Page 66 and 67: SECTION FIVE • Business Ties Los
Page 68 and 69:
SECTION FIVE • Business Ties Well
Page 70 and 71:
SECTION FIVE • Business Ties spec
Page 72 and 73:
SECTION FIVE • Business Ties The
Page 74 and 75:
SECTION FIVE • Business Ties Nade
Page 76 and 77:
SECTION FIVE • Business Ties Medi
Page 78 and 79:
SECTION FIVE • Business Ties The
Page 80 and 81:
SECTION FIVE • Business Ties In L
Page 82 and 83:
SECTION FIVE • Business Ties Firs
Page 84 and 85:
GROWING TOGETHER • Taiwan and Los
Page 86 and 87:
SECTION SIX • Personal Ties Assoc
Page 88 and 89:
SECTION SIX • Personal Ties Spotl
Page 90 and 91:
SECTION SIX • Personal Ties Taiwa
Page 92 and 93:
SECTION SIX • Personal Ties The m
Page 94 and 95:
SECTION SIX • Personal Ties The C
Page 96 and 97:
GROWING TOGETHER • Taiwan and Los
Page 98 and 99:
SECTION SEVEN • The Future of the
Page 100 and 101:
SECTION SEVEN • The Future of the
Page 102 and 103:
SECTION EIGHT • Conclusions and R
Page 104 and 105:
SOURCES • Taiwan and Los Angeles
Page 106:
SOURCES • Taiwan and Los Angeles
show all

q6ew5du

Create successful ePaper yourself

Delete template?

Save as template?