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What Is Investing In Taiwan

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Investing in Taiwan Going global opens opportunities for a business enterprise, much as it does introduce a host of challenges to the entrepreneurs. Every market is unique, and there are a couple of issues which need to be addressed and understood before the decisions have been made. These could be categorized into political, economic, technological, and socio-cultural. In regard to political, one needs to assess such matters as political stability, regulations, and taxation (Lieh-Ching, 2011). On economy, economic cycles, industrial structures, resource availability, and the unemployment rates need to be addressed. The socio-cultural category brings together mobility, consumer behavior, income distribution, and the level of education. …show more content…

The economic good of the businesses and the people never mattered much (Wei & Dennis, 2005). Even if the situation has changed significantly since the death of Chairman Mao, considering Taiwan as a pivot to the business’ expansion into Asia makes sense. Taiwan’s Economy and Technology Taiwan is regarded as one of the Asian Tiger (or the Four Asian Dragons), and this is due to its high-tech industrialized economy. This has actually happened rapidly, considering that the contemporary Taiwan was only founded in 1949 following the brutal Chinese Civil War. Even though the current economic growth is low, the fact is that this is a major economy with a very low unemployment rate (at 3.78%), inflation rate (at 0.77%), interest rate (1.38%), and the government debt is also quite manageable at 31.2% of GDP. This means that the economy is stable unlike is the case with Japan where government debt is at 250% of GDP (Economic Indicators, 2017; Shri Sunshine Group of Institutions, 2012). One needs to invest in a country where the government will have minimal say in regard to the economic/business choices, and there is stability in regard to taxation and public debt (Jung-Tsung, 2010). On technology, Taiwan is a clean, convenient, reliable, and safe place to travel and transport goods. Communication is also reliable. Besides, all tickets and signs are in English, which means that even a significant section of the local

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