Taiwan was a typical Capitalist Developmental State (CDS) from the 1960s through the 1980s. In this article the effects of the Asian Financial Crisis and the two political shocks that it sandwiched are assessed. We find that Taiwan's CDS structure has been seriously undermined for political, not for economic, reasons.

Keywords:
Taiwan, capitalist developmental state, Asian financial crisis, industrial policy, biotechnology
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© 2007 by The Regents of the University of California. All rights reserved.
2007
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