Taiwan's growth had benefited from an influx of capitalist entrepreneur that had fled from the communist China. This meant that the expertise of those previously living and working in China could be brought with them to develop the growth of industry in Taiwan. Another advantage of fleeing from China was that Taiwan had a large population on which was educated, ensuring a cheap but skilled labour force. Taiwan also had a colonial history with Japan and China, which left established trade links and some infrastructure developed. She also benefited from a strong Government, which invested in key export growth industries and protected them with tariffs. The growth of Taiwan was however, largely due to TNC's (Transnational companies), which she courted while making sure not to become too dependent on foreign investors. These Transnational companies located their factories in Taiwan in search of skilled but cheap labourers. Partnerships with these companies enabled home-grown firms to benefit from technological advances and skill development. .
From the above factors, Taiwan benefited from the rapid growth of world markets during the 60's and 70's and was "doing the right thing at the right time". Taiwan has now passed through the phase of low wages and exploitation, through this it has been replaced by similar conditions in home-grown companies (as mentioned previously). Also, there has been a shift towards energy saving and high technology industries with Taiwan emerging a technological leader in electronics due to the fact of the workforce being more educated than other countries in the area. Other benefits to the growth of Taiwan include research and development centres such as Sony, IBM and Sharpe locating their businesses here, therefore leading to more employment and skilled workers. .
Also, there are other factors such as social factors which have benefited from the increasing industrial production such as more jobs; better wages; better lifestyle; westernisation and the fact that the lowest 20% of workers are on very good pay.
It is sold to countries where the crops won't grow naturally and the LEDC's rely on this source of income. So if the richer countries start growing their own in climate controlled glasshouses, the LEDC's won't make any money. ...
However, the departure of industrial robots introduces a new picture to production chains. Most manual manufacturing processes can, in fact, be replaced by hi-tech machines in a safer, faster, finer manner while the concepts of industrial robots contain a lasting impact to inspire further utilization of advanced machines in other industries thus constitutes to a revolutionary game-changer. ... Its chief executive, Eric Liedtke, had also emphasized that the high speed production aimed in the project could equip Adidas with greater competitiveness among the industry.1 This shows that resorting t...
First, mankind has always been influenced by their inventions, it allows them to grow and increase productivity; this is especially prevalent in the Industrial Revolution. ... Lastly, with a cultural acceptance of hard-work, companies began adopting factory practices to increase manufacture, sales, and production of agriculture. ... Doing so greatly increased the production of agriculture. ... With increased manufacture, more products were available and allowed stores to have more stock, and, therefore, increased sales greatly. These changes brought about by the Industrial Revolution made an...
When the term "Industrial Revolution" is mentioned in non-fiction books, it is always connected to a process of economical and industrial development in Great Britain. ... Therefore, Great Britain is called "The first Industrial Nation", which was a big increase in prestige in this time of vying with other countries for the supremacy in European Industry. The Industrial Revolution commenced with the invention and exertion of new main engines and processing machines, new work techniques and methods of production in order to put new scientific knowledge into practice. It proceeded with the d...
Before the Industrial Revolution, which began in Britain in the late eighteenth century, economies were based on agricultural production and handicrafts, using hand tools and basic machines. ... This produced dramatic increases in the volume and variety of manufactured goods, and changes in the dynamics of society. ... Outside of Britain, Belgium was the first center of industrial production where coal, iron, textile, glass, and armaments production flourished. ... New England emerged as the site of industrial production by midcentury with over a thousand cotton mills producing fabrics from r...
Today it is common to speak of pollution, environmental impact and climate change. ... A clear example is in Peru , where the coastal area has been seriously affected by industrial fisheries at an environmental, socioeconomic level and even seriously affecting the health of the population. ... This confirms that livestock has a strong impact and adverse effects on the environment, even more than many other activities that are also pollutants such as agriculture and industrial fisheries, since much of the pollution of these are originated to meet the needs of livestock production. ... Studies ...
There were two basic waves of the Industrial Revolution. ... With this invention, the production of cotton clothing was greatly increased. ... With the production of better iron came the production of better machinery, and new industries. ... The social impacts of the Industrial Revolution have also been felt worldwide. ... An increase in food production lead to more people being able to get the proper nutrition and the increase in urban populations lead to the increase in industries. ...
This transition is known as the Industrial Revolution and affected not only the means of production within society but the way in which people lived their lives. ... After reading the chapter on the Industrial Revolution in World History in Brief,1 I think that the major social problem was the negative impact of industrialization on the lives of the working-class families. ... While changing the way in which "work" was viewed, these added pressures spilled over into the community through the loss of leisure activities as increased production became the goal. ... The attempt to find...
The food production started to accelerate, which allowed the rising population to be fed and created extra labour to full the industrial needs in the cities. ... This allowed landowners to experiment with new tools and techniques that helped increase production. ... Britain's economic stability increased and consequently allowed these developments to advance accordingly. ... The steam engine was a central part to industrial revolution as well. ... This development increased trade around the world, putting England into a position of becoming the wealthiest nation of the time. ...