| Summary: | 碩士 === 國立政治大學 === 國際經營與貿易研究所 === 101 === Taiwan and South Korea had been thought as“Four Asian Tigers”, and the economic structure had transformed from labor-intensive industry to capital-intensive industry. Taiwan and South Korea are also similar in export products and regions. Both of two countries were the highly developed economies, and the trade performance of Taiwan was better than South Korea during this period. However, after 1994, the trade performance of South Korea became better than Taiwan, and kept growing fast. Therefore, this article tried to figure out what are the key factors to support South Korea to become one of world top economies, and is there anything that Taiwan can learn from South Korea experience.
The trade performance of South Korea is closely related to its special industry structure and policy. South Korea selected the strategic industries to put its limited resource, and made South Korea can use the limited resource efficiently. Moreover, the special reciprocal relationship between the government and Chaebol also plays an important role in economic development. The 1997 Asian Financial Crisis enforced South Korea to do the financial reform, and the government begun to strive to sign FTA. Those offered a foundation to Chaebol to expand their business.
This article used Michael Porter diamond Model to analyze the factors of success of South Korea, and found the most significant differences are government and Firm strategy, structure and rivalry. From the South Korea experience, this article concluded three possible modes that Taiwan can learn from, including diversification, value-orientation and overseas expansion. However, due to some differences in culture and economic structure, Taiwan can’t copy the mode completely. In fact, many measures need the cooperation between government and firms, or instructions from the government, and compared with Taiwan, South Korea has better advantage in both of them. Diversification, value-orientation and overseas expansion are not independent, so it takes more all-rounded strategic plan.
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