This document provides information about Taiwan's economy and key industries. It lists the names and student IDs of group members studying Taiwan. The major industries in Taiwan are described as electronics, petroleum refining, chemicals, textiles, iron and steel, machinery, and others. Key industries discussed include information technology, semiconductors, telecommunications, and export/import. Taiwan has a developed economy ranking 18th globally in GDP. The economy relies heavily on exports and was impacted by the 2008/2009 global crisis but has seen growth in recent years.

1. Abhilash Pattanayak -PGDM/14-16/03
Akanksha Nande -PGDM/14-16/09
Sanjeev Nag -PGDM/14-16/35
Sidhant Praharaj -PGDM/14-16/44
Subhashri Padmalaya -PGDM/14-16/47
Syed Parwesh Ali -PGDM/14-16/52
V. Harika -PGDM/14-16/54
Prabhu Prasad Panda –PGDM/14-16/61
GROUP 1

2. TAIWAN
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3. •Taiwan has a developed capitalist economy that ranks as the 19th-
largest in the world by purchasing power parity (PPP), ranks as 18th
in the world by gross domestic product (GDP) at purchasing power
parity per capita (person), and 24th in nominal GDP of investment and
foreign trade by the Republic of China (ROC) government, commonly
referred to as Taiwan.
•The economy of Taiwan comparing with other major economies in
the region, is "at a crossroad", facing "slowdown in response to world
economy fluctuations“ in addition to de-internationalization, low-paid
salary to employees and uncertain outlook for personal promotion of
staffs

4. MAJOR INDUSTRIES
 The major industries in Taiwan are electronics,
petroleum refining, armaments, chemicals, textiles,
iron and steel, machinery, cement, food processing,
vehicles, consumer products, pharmaceuticals.
 Some of them which we have taken are:-
Information technology
 A TSMC factory in Tainan Science Park, one of the
many companies that make up Taiwan's IT industry.
 Taiwan's information technology industry has played
an important role in the worldwide IT market over the
last 20 years.

5. SEMICONDUCTOR INDUSTRY :-
 Taiwan Semiconductor Manufacturing Corporation
(TSMC) and United Microelectronics (UMC), holds a
majority of the market share.
 Taiwan is also an important player in Mask ROM
production, IC packaging and IC testing, accounting for
57.1%, 32% and 36% of global market shares respectively.

6. TELECOMMUNICATION
 Taiwan offers much potential in the
telecommunications market, with one of the most
advanced telecommunications networks in the region.
 Ministry of Economic Affairs has announced plans to
make the telecommunications industry one of
Taiwan's "trillion dollar" industries, which will nurture
the development of wireless applications, 3G, and
broadband services.

7. EXPORT IMPORT OF TAIWAN
 Taiwan export, import and trade information a
number of steps are being taken in order to better
overall efficiency of export procedures of Taiwan.
It has been learnt that expenses involved in
shipping goods and services from Taiwan would
soon be done away with, at least to a significant
extent.

8. Latest Business Trends Of Taiwan
 Economic Growth
Taiwan’s economy relies heavily on exports and the
global economic crisis 2008/2009 had a strong
impact. Still recovering, Taiwan’s GDP growth rate
was 1.48% in 2012 and 2.09% in 2013. From, January
to July 2014, GDP growth was 2.98% and is forecast
by the MOEA to grow continuously up to 3.1% in
2015 and to 4.3% in 2016.

9.  Labor Market
The unemployment rate decreased continuously in the
past years from 4.39% in 2011 down to 4.24% and 4.18%
in 2012 and 2013 respectively. The unemployment rate is
expected to continue to fall over the coming years,
settling at around 3.4% from 2017 onwards. The
unemployment rate was 3.92% in July 2014.

10. External Trade
 In 2013, total exports amounted to USD 305.44
billion, which means an increase by 1,4%
compared to the 2012 exports. In the first half of
2014, Taiwan exports totaled USD 153.38 billion,
imports totaled USD 137.21 billion.