Taiwan's economic success is well known and considered to be one of the "East Asian Miracles" by the World Bank. This book examines the contributions of dynamic entrepreneurs to the economic development of Taiwan. It adopts Austrian theories of entrepreneurship and market process as a major analytical framework. Specifically, it focuses on knowledge and coordination problems. It examines how entrepreneurs identify and pursue profit opportunities, and how their efforts have enhanced Taiwan's economic dynamics. This book sheds new light on the economic development of Taiwan.
This book is the first to use Austrian subjectivism to analyze issues in economic development. Unlike mainstream neoclassical economics which explains economic development through quantitative growth models, this book takes a human agency perspective.
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This study attempts to explain China's industrial development with special reference to e-commerce. It argues that in a one-party autocratic regime such as China, the collaboration between government officials and private entrepreneurs in strategic industries can promote industrial growth. Since Internet can jeopardize communist party's goal of maintaining cohesiveness and absolute political power, the Chinese government has imposed surveillance on private operation in all IT operations. Specifically, in e-commerce industry, through collaborations with private enterprises, the communist party can "kill two birds in one arrow." On the one hand, party members are able to preserve national security and maintain social and financial stability by closely monitoring the private enterprise operation. Moreover, party members can seize tangible and non-tangible benefits from the growth in e-commerce firms. On the other hand, private e-commerce enterprises, by building close connection with public officials and senior party members, can obtain strong support from the government, and thus boosting its business growth. This argument is applied to explain the miraculous growth of Alibaba Group, a private e-commerce enterprise in China. In particular, the paper attempts to show the relationship between the Chinese government and the private entrepreneur in the e-business development and how their collaboration enhances growth in the Internet market.
"This book adopts Austrian and evolutionary approaches to interpret contemporary China's economic transformation under uncertainty, learning and experimentation. It incorporates culture, institutions, government agents and entrepreneurship to understand policy making in China"--
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Fu-Lai Tony Yu and Diana S. Kwan examine the Taiwan Strait Crisis and upheavals in Tibet and Hong Kong through the lens of Peter Berger's theory of social construction of reality in order to explain the origins of national identity and the process of nation building.
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