4min chapter

Economics Explained cover image

Taiwan is More Than Microchips and Tensions With China

Economics Explained

CHAPTER

The Importance of Attracting New Industries to Taiwan

The best infrastructure in the world is useless if there's no industry to take advantage of it. If Taiwan was going to have any hope of repaying its new loans, it would need to attract new industries fast. The Taiwanese government also introduced policies to co-invest into promising businesses with other investors domestically and internationally. This made the country less risky to outside investors because they could co-invest alongside the government to get the same operations going at a lower upfront cost.

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