IDEAS home Printed from https://ideas.repec.org/a/bla/glopol/v15y2024i2p475-486.html
   My bibliography  Save this article

A search dilemma for market niches: Korea and Taiwan in a time of US‐China high‐tech decoupling

Author

Listed:
  • Chan‐Yuan Wong
  • Christopher J. Russell

Abstract

South Korea and Taiwan are nimble, mid‐sized economies known for their critical technological competencies in high‐tech industries like semiconductors. These industries have been crucial for their business diversification and specialisation. During the period of globalisation from the 1980s to the 2010s, both nations rapidly climbed the economic ladder. However, the emergence of US‐China trade tensions in the late 2010s disrupted the global landscape. The decoupling of high‐tech value chains in favour of inward‐oriented industrial policies presented a dilemma for semiconductor firms in Korea (e.g. Samsung Electronics) and Taiwan (e.g. TSMC). This paper provides an overview of recent changes in their semiconductor industries and discusses the concerns surrounding industrial value migration. It explores the strategic technological ventures taken by both economies to navigate this uncertain environment.

Suggested Citation

  • Chan‐Yuan Wong & Christopher J. Russell, 2024. "A search dilemma for market niches: Korea and Taiwan in a time of US‐China high‐tech decoupling," Global Policy, London School of Economics and Political Science, vol. 15(2), pages 475-486, May.
    • Handle: RePEc:bla:glopol:v:15:y:2024:i:2:p:475-486
    DOI: 10.1111/1758-5899.13346
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1758-5899.13346
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1758-5899.13346?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Amaral, Afonso & Morgan, M. Granger & Mendonça, Joana & Fuchs, Erica R.H., 2023. "National core competencies and dynamic capabilities in times of crisis: Adaptive regulation of new entrants in advanced technology markets," Research Policy, Elsevier, vol. 52(4).
    2. An‐Chi Tung, 2001. "Taiwan’s Semiconductor Industry: What the State Did and Did Not," Review of Development Economics, Wiley Blackwell, vol. 5(2), pages 266-288, June.
    3. repec:bla:rdevec:v:5:y:2001:i:2:p:266-88 is not listed on IDEAS
    4. Wang, I. Kim & Qian, Lihong & Lehrer, Mark, 2017. "From technology race to technology marathon: A behavioral explanation of technology advancement," European Management Journal, Elsevier, vol. 35(2), pages 187-197.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jun Hong Park & Hyunseog Chung & Ki Hong Kim & Jin Ju Kim & Chulung Lee, 2021. "The Impact of Technological Capability on Financial Performance in the Semiconductor Industry," Sustainability, MDPI, vol. 13(2), pages 1-20, January.
    2. Wang, Chi-Tai & Chiu, Chui-Sheng, 2014. "Competitive strategies for Taiwan's semiconductor industry in a new world economy," Technology in Society, Elsevier, vol. 36(C), pages 60-73.
    3. Gao, Hongzhi & Ren, Monica & Shih, Tsui-Yii, 2023. "Co-evolutions in global decoupling: Learning from the global semiconductor industry," International Business Review, Elsevier, vol. 32(6).
    4. Kuen-Suan Chen & Chun-Min Yu, 2022. "Lifetime performance evaluation and analysis model of passive component capacitor products," Annals of Operations Research, Springer, vol. 311(1), pages 51-64, April.
    5. Hou, Chung-Kuang, 2012. "Examining the effect of user satisfaction on system usage and individual performance with business intelligence systems: An empirical study of Taiwan's electronics industry," International Journal of Information Management, Elsevier, vol. 32(6), pages 560-573.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:glopol:v:15:y:2024:i:2:p:475-486. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.