Research Information System
TRANSFORMATIONS IN BUSINESS & ECONOMICS, vol.22, no.3, pp.367-380, 2023 (SSCI)
Taiwan technology industrial clusters have emerged as good practices of spatial agglomeration in the innovation industry. A piece of outstanding evidence is the Hsinchu Science Park (HSP), the first science park established in Taiwan. This work discusses the case study of the HSP, aiming to revitalize the political economy discourse pivoting around Taiwan's industrial policies in the hi-tech sector and financing of innovation. To this end, a field visit to the Park and meetings with key stakeholders were conducted. Primary data were combined with secondary sources review to frame the analyzed practice within the East Asian development patterns, emphasizing selected items - i.e. the role of the State, the underlying developmental political economy, economic history and empirical discourse. Key features of the HSP emerge from the interviews. The park plays an enduring role in economic growth and local industrial facilitation, fostering research, innovation and socio-economic development. The Taiwanese lesson offers important solutions for scholars, development policies and industy for both the Global South and North to foster entrepreneurship boosting, financing of innovation and industrial conversion and creation.