Taiwan

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Competitive Advance of Nations Taiwan has been ranked 6th in “World Competitiveness Report” published on April 13, 2011. Taiwan has an intellectual advantage; in this country about 43.7% of the workforce is higher educated (graduate from college and university everywhere in the world). Taiwan workforce represents about 10 million people, accounting for 48% of the total population. Every year 320 thousand students are graduated from college and university, which make sufficient workforce supply to the industry. Also, Taiwan has abundant Capital Funds and Relatively Low Cost. From 1998 to 2007, the approved outward investment value by Taiwan businesses was USD 40 billion. By the end of 2007, Taiwan 's holdings of foreign financial assets reached USD 850 billion and the deposit of the banking system reached 25 trillion. Over the past few years, Taiwan 's annual interest rate has been lower than other Asian markets. Taiwan 's listing cost is as low as about 10 million, which is far lower than Hong Kong and Singapore. Taiwan also has infrastructure and technology materials ready for industries. Taiwan has experienced rapid economic expansion, as well as a significant increase in local consumer buying power. With an increasing demand for quality products and services, the concept of using modern retail channels such as supermarkets and hypermarkets for daily purchases of household necessities and personal food stuffs has been widely adopted by local consumers. Retailers must now offer a wide variety of products, excellent service and convenience to attract and keep customers. Purchases of household products make by women are increased by over 40 percent from US$10.5 billion in 2002 to US$14.9 billion in 2006. The second largest category is food products and groceries, which accounted for approximately US$8 billion in 2006, an increase of 26 percent from US$6.4 billion in 2002. In the last 10 years, modern retail stores have been experienced rapid growth and


Cited: Global Trade Portal. 2011. 14 October 2011 . Government Information Office. 2010. 14 October 2011 .

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