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Rival Partners
How Taiwanese Entrepreneurs and Guangdong Officials Forged the China Development Model
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Taiwan has been depicted as an island facing the incessant threat of forcible unification with the Peopleâs Republic of China. Why, then, has Taiwan spent more than three decades pouring capital and talent into China?
In award-winning Rival Partners, Wu Jieh-min follows the development of Taiwanese enterprises in China over twenty-five years and provides fresh insights. The geopolitical shift in Asia beginning in the 1970s and the global restructuring of value chains since the 1980s created strong incentives for Taiwanese entrepreneurs to rush into China despite high political risks and insecure property rights. Taiwanese investment, in conjunction with Hong Kong capital, laid the foundation for the worldâs factory to flourish in the southern province of Guangdong, but official Chinese narratives play down Taiwanâs vital contribution. It is hard to imagine the Guangdong model without Taiwanese investment, and, without the Guangdong model, Chinaâs rise could not have occurred.
Going beyond the received wisdom of the âChina miracleâ and âTaiwan factor,â Wu delineates how Taiwanese business people, with the cooperation of local officials, ushered global capitalism into China. By partnering with its political archrival, Taiwan has benefited enormously, while helping to cultivate an economic superpower that increasingly exerts its influence around the world.
In award-winning Rival Partners, Wu Jieh-min follows the development of Taiwanese enterprises in China over twenty-five years and provides fresh insights. The geopolitical shift in Asia beginning in the 1970s and the global restructuring of value chains since the 1980s created strong incentives for Taiwanese entrepreneurs to rush into China despite high political risks and insecure property rights. Taiwanese investment, in conjunction with Hong Kong capital, laid the foundation for the worldâs factory to flourish in the southern province of Guangdong, but official Chinese narratives play down Taiwanâs vital contribution. It is hard to imagine the Guangdong model without Taiwanese investment, and, without the Guangdong model, Chinaâs rise could not have occurred.
Going beyond the received wisdom of the âChina miracleâ and âTaiwan factor,â Wu delineates how Taiwanese business people, with the cooperation of local officials, ushered global capitalism into China. By partnering with its political archrival, Taiwan has benefited enormously, while helping to cultivate an economic superpower that increasingly exerts its influence around the world.