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Making Money

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Beginning in the 1950s, Taiwan rapidly industrialized, becoming a tributary to an increasingly "borderless" East Asian economy. And though President Trump has called for the end of "American carnag...
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  • 12 December 2017
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Beginning in the 1950s, Taiwan rapidly industrialized, becoming a tributary to an increasingly "borderless" East Asian economy. And though President Trump has called for the end of "American carnage"—the loss of U.S. manufacturing jobs—domestic retailers and merchandisers still willingly ship production overseas, primarily to Taiwan. In this book, Gary G. Hamilton and Cheng-shu Kao show how Taiwanese businesspeople have played a tremendous, unsung role in their nation's continuing ascent.

From prominent names like Pou Chen and Hon Hai to the owners of small and midsize firms, Taiwan's contract manufacturers have become the world's most sophisticated suppliers of consumer products the world over. Drawing on over 30 years of research and more than 800 interviews, Hamilton and Kao tell these industrialists' stories.

The picture that emerges is one of agile neo-capitalists, caught in the flux of a rapidly changing landscape, who tirelessly endeavor to profit on it. Making Money reveals its subjects to be at once producers of economic globalization and its byproducts. While the future of Taiwanese business is uncertain, the durability of demand-led capitalism is not.

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Price: $140.00
Pages: 320
Publisher: Stanford University Press
Imprint: Stanford University Press
Series: Emerging Frontiers in the Global Economy
Publication Date: 12 December 2017
Trim Size: 9.00 X 6.00 in
ISBN: 9780804792196
Format: Hardcover
REVIEWS Icon
"Hamilton and Kao are the only scholars who could tell such a comprehensive and in-depth story about Taiwan's export-oriented manufacturing sector from its 1960s origins to the present. They situate this seemingly small story in the context of Chinese business and culture, East Asian development, and the global political economy—illustrating why it is a big deal. A masterful contribution."—Ho-Fung Hung, Johns Hopkins University, author of The China Boom
Gary G. Hamilton is Professor Emeritus in the Jackson School of International Studies at the University of Washington. Cheng-shu Kao is Chairman of the Board of Trustees at Feng Chia University and Honorary Professor in the Department of Sociology at Tunghai University.
Introduction: Making Money
1. The Sprouts of Capitalism: Bamboo in Springtime
2. America's Retail Revolution: The Hidden Dragon
3. Demand-Led Industrialization: Big Buyers in Taiwan
4. An Economic Way of Life: The Round Table
5. Big Business, Small Firms: Meat and Soup
6. The Search for a New Asian Economy: The Tipping Point
7. High Technology Industries in Taiwan: Turning on a Dime
8. Consolidation in China: A New Age of Mass Production
9. Consolidation in China: Computers and Smartphones
10. Greater Taiwan, Circa 2016: The End of an Era?
Epilogue: The Future of Demand-Led Capitalism