Economy of Taiwan - Industry

Industry

Industrial output has gradually decreased from accounting for over half of Taiwan's GDP in 1986 to just 31% in 2002. Industries have gradually moved to capital and technology-intensive industries from more labor-intensive industries, with electronics and information technology accounting for 35% of the industrial structure. Industry in Taiwan primarily consists of many small and medium-sized enterprises (SME) with fewer large enterprises.

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Famous quotes containing the word industry:

    “Change of fashion is the tax levied by the industry of the poor on the vanity of the rich.”
    —Sébastien-Roch Nicolas De Chamfort (1741–1794)

    “Bankers, nepotists, contracts and talkies: on four fingers one may count the leeches which have sucked a young and vigorous industry into paresis.”
    —Dalton Trumbo (1905–1976)

    “Whatever I may be, I want to be elsewhere than on paper. My art and my industry have been employed in making myself good for something; my studies, in teaching me to do, not to write. I have put all my efforts into forming my life. That is my trade and my work.”
    —Michel de Montaigne (1533–1592)