Within thirty years of its humble beginnings, Taiwan was listed by the Organization for Economic Cooperation and Development (OE) as one of ten newly industrialized countries (NICs). This book charts how and why such growth took place, and discusses areas of Taiwan's experience that might be useful in helping other countries achieve economic growth and improve their living standards.The second edition includes additional chapters and updated information and statistics.The author, one of the chief architects of Taiwan's economic development, worked with the government for forty years. Here, he draws on his extensive experience. He has held important positions such as Economics Minister, Finance Minister, and Minister without Portfolio dealing with, among other inter-ministerial problems, the Science and Technology Program. Presently, he is the Senior Advisor to the President. He has been involved in the development of economic, fiscal, monetary, industrial, international trade, manpower, science and technology policies. Contents:Some Background on TaiwanEvolution of Fiscal PolicyMonetary ReformPopulation Policy and Family PlanningManpower PolicyExport Processing ZonesDevelopment of Science and TechnologyCross-Strait PolicyAn Integrated View of Policy Evolution in TaiwanFinal ReflectionsAppendix: Policy Matrix and Statistical TablesReadership: Government economic planners, policy makers, university lecturers and postgraduate students.Key Features:Easy-to-read book that presents the developing trends of innovation around the world and also focuses on global social perspectives of trends in innovationOne of the few books to provide a snapshot of the shift of innovation from Atlantic to Asia Pacific