networked production of Taiwan's rural industrialization process. The exception was the IC industry which was created by the … machine tools) or modular value chains where Taiwan was able to enter high-value segments early in its cluster development …

Silicon Valley in California and the Hsinchu-Taipei region of Taiwan are among the most frequently cited 'miracles' of … process of reciprocal industrial upgrading by transferring capital, skill and know-how to Taiwan, and by facilitating …