The Taiwanese economy has always remained strong in the Asia Pacific region, despite the Asian Financial Crisis in 1997. The high-tech industry in particular has not only survived, but also prospered during the Asian crisis. The economy has also to face a lot of constraints like the shortage of natural resources, the shortage of skilled workers in many industries, a small domestic market
This is why we can ask: How is Taiwan doing to remain such a strong economy able to face all these constraints? We can especially focus on the high-tech industry study: this industry is a pillar of the Taiwanese economy and is very successful.
One of the many reasons why the high-tech industry is so successful in Taiwan is because for the quality of its workforce. It could be first explained because of the good level of education in the country and the major role of the government in this sector.
We can define the human resources development as what the employers provide to their employees as well as organizational development for corporate.
Firstly, government can provide education, and companies can maintain human resources managements. Finally, the government plays an important role because it helps companies to acquire the skills they require.
[...] They are bound to raise technical levels, improve quality and adopt new technologies to be able to remain competitive. And all of this requires good workers. This is why even the small and medium-sized companies are putting some effort to enhance new human resources development activities. To sum up we can say that in Taiwan the large enterprises used to be more concerned about Human resources management, But it becomes a prior importance even for medium-sized and small companies that understood that in a high-tech industry that is a knowledge-intensive economy workers are everything. [...]
[...] In fact NT$80 billion over eight years are going to be invested to further enhance university research levels In a second time, Taiwanese companies promote new human resources management that plays a major role in the rapid expansion of the High-Tech industry Now that we have seen the link between education and high-tech firm performance we can focus on the link between human resource management practices and films performance of Taiwan's high-tech companies. The case of big companies The size of the companies is a factor determining in the development of new resources management. [...]
[...] But the government is still putting a lot of effort to help companies getting the human resources they need Taiwanese government is promoting life-long learning to help workers to match the expectations of High-Tech industry companies Even if the level of education is very high, the Taiwanese high-tech industry is facing some issues: lack of talents and a high mobility rate of personnel in research department that does not enable them to continue research work. As the research department is the main part of business innovation, a lack of research talents would bring limitations to the development of High-Tech Industry. [...]
[...] But on the other hand, as private actors, employers played also a major role. As a shortage of skilled-people exists in Taiwan, they have to promote human resources management measures to keep their employees from going to the competitor. As a conclusion we can say that the combined efforts of the government and companies have played a major role in the rapid expansion of the high-tech industry. Sources - Enhancing the role of universities in Building National Innovative Capacity in Asia: The case of Taiwan. John A. Mathews and [...]
[...] Lucas, two Nobel Prize Laureates in Economics from the University of Chicago: in the knowledge- based company (as a high-tech company) economic growth will occur with investments in human capital. This is the reason why: if government decides to provide allowances or lower education fees, it may enhance the willingness of the population to invest in education. Economic research has found that education and training contribute greatly to raising national income by improving industrial production and quality. Over the past 20 years, income per capita has increased from 410 US$ in 1971 to 11.950 US$ in 1997. [...]
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