Wikipedia defines a circular economy as a “regenerative system in which resource input and waste, emission, and energy leakage are minimized by slowing, closing, and narrowing material and energy loops. This can be achieved through long-lasting design, maintenance, repair, reuse, remanufacturing, refurbishing, and recycling.” In line with global trends, the Taiwan government is actively promoting…

The “new agriculture innovation program” adopted by the Executive Yuan on December 8 last year forms the basis of this “plus” initiative added onto the original Five Pillar Industries. The goal is to develop a viable agricultural sector suitable for a modern economy – one with sufficient competitiveness without over-reliance on government subsidies. The program…

In the face of China’s rapid military build-up and Beijing’s pressure on other countries not to sell weaponry to Taiwan, “what can Taiwan do except develop its own defense industry?” asks National Chengchi University professor Arthur Ding, a defense specialist. “It’s the inevitable outcome of China’s interference.” The Democratic Progressive Party (DPP) has long made…

While much of the 5+2 Innovative Industrial plan remains controversial, two sectors have gained support from both major political parties: smart machinery and Asia·Silicon Valley. Smart machines mean manufacturing equipment that is intelligent, self-learning, and can communicate with other machines and human operators, transmitting data in real time. These advanced technologies are finding applications in…

Innovation is high on Taiwan’s agenda, and the Asia·Silicon Valley segment of the 5+2 Innovative Industries plan promises to launch Taiwan into the innovation value ecosystem, says National Development Council (NDC) Deputy Minister Kung Ming-hsin. Innovative technologies and business models are transforming global business, Kung says, and “if Taiwan is not included in that trend,…

The Tsai administration is making a heavy commitment of resources to promoting seven sectors of the economy as the key to transforming Taiwan’s industry. The initial five “pillar industries” were the Internet of Things (also referred to as Asia·Silicon Valley), Biomedical, Green Energy, Smart Machinery, and Defense. Added later were high-value agriculture and the circular…

In recent months, the public faceoff between ride-hailing app Uber Technologies and Taiwanese regulators has at times overshadowed the many ways in which the United States and Taiwan are working together in the digital economy. The collaboration covers a number of digital-economy initiatives first outlined in a Digital Economy Forum held in Washington, D.C. in…