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Institutional Impacts on Economic Evolution in Taiwan and China

Liu, Bobin LU (2024) EKHK18 20241
Department of Economic History
Abstract
This thesis explores the divergent economic trajectories of Taiwan and China, focusing on how institutional differences shaped their respective economic structures. Through a comparative analysis, the study investigates the role of political institutions in driving Taiwan’s emergence as a knowledge-based economy (KBE) and China’s continued reliance on labor-intensive manufacturing. Despite similarities in culture and historical heritage, Taiwan and China exhibit distinct economic performances, largely influenced by their political institutions. The research highlights Taiwan’s successful transition to a KBE, facilitated by democratic reforms and strong institutional support for innovation. In contrast, China’s economic evolution, while... (More)
This thesis explores the divergent economic trajectories of Taiwan and China, focusing on how institutional differences shaped their respective economic structures. Through a comparative analysis, the study investigates the role of political institutions in driving Taiwan’s emergence as a knowledge-based economy (KBE) and China’s continued reliance on labor-intensive manufacturing. Despite similarities in culture and historical heritage, Taiwan and China exhibit distinct economic performances, largely influenced by their political institutions. The research highlights Taiwan’s successful transition to a KBE, facilitated by democratic reforms and strong institutional support for innovation. In contrast, China’s economic evolution, while significant, remains constrained by its one-party system and state-owned enterprises (SOEs), which hinder the full realization of a knowledge-based economy. The study underscores the critical role of ‘good institutions’ in fostering economic development and innovation, offering insights for policymakers and economists interested in the complex interplay between political institutions and economic growth. (Less)
Please use this url to cite or link to this publication:
author
Liu, Bobin LU
supervisor
organization
course
EKHK18 20241
year
type
M2 - Bachelor Degree
subject
language
English
id
9173419
date added to LUP
2024-09-03 12:29:06
date last changed
2024-09-03 12:29:06
@misc{9173419,
  abstract     = {{This thesis explores the divergent economic trajectories of Taiwan and China, focusing on how institutional differences shaped their respective economic structures. Through a comparative analysis, the study investigates the role of political institutions in driving Taiwan’s emergence as a knowledge-based economy (KBE) and China’s continued reliance on labor-intensive manufacturing. Despite similarities in culture and historical heritage, Taiwan and China exhibit distinct economic performances, largely influenced by their political institutions. The research highlights Taiwan’s successful transition to a KBE, facilitated by democratic reforms and strong institutional support for innovation. In contrast, China’s economic evolution, while significant, remains constrained by its one-party system and state-owned enterprises (SOEs), which hinder the full realization of a knowledge-based economy. The study underscores the critical role of ‘good institutions’ in fostering economic development and innovation, offering insights for policymakers and economists interested in the complex interplay between political institutions and economic growth.}},
  author       = {{Liu, Bobin}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Institutional Impacts on Economic Evolution in Taiwan and China}},
  year         = {{2024}},
}