Invest in TaiwanDepartment of Investment Services, MOEA
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Taiwan's economy has gradually shifted from labor-intensive industries to capital and technology-intensive industries over the last few decades. In 2004 the industrial sector contributed 29.54 percent to Taiwan's GDP. However, the percentage of Taiwan's workforce employed in the sector rose to 35.2 percent while the manufacturing sector, including high-tech industries, accounted for over 86 percent of Taiwan's total industrial production.
Taiwan's thriving service sector, particularly in the financial and stock market areas, has attracted many young people in recent years. In 1988, the service sector surpassed the manufacturing sector in attracting more of the total work force. By the end of 2003, over 57.90 percent of the island's 9.57 million employed persons were working in the service sector.
The growth of knowlege-intensive industries is increasing demand for highly specialized technical and managerial personnel. To ensure that Taiwan's workforce meets these challenges, educational and training policies and measures are being implemented throughout Taiwan to cultivate local talent for these industries. In addition to continued enhancement of programs at science and technology universities, new programs for professional degrees and certifications are being established by both educational organizations and professional associations. The government also continues to implement programs to bring back Taiwanese scientists and researchers and to attract high calibur international talent, especially for local R&D centers. Raising the level of English instruction and certifying English competence is also seen as major educational initiatives to make sure that Taiwan's workforce meets the needs of companies engaged in international business.
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