Considering the development of the international economic and trade situation in 2019, the U.S.-China trade war remains unresolved and continues to have a negative impact on the global economy and it may be difficult to solve in the short term. The Fed has initiated interest rate cuts and contraction measures to prevent possible economic momentum from mitigating risks of the US. In view of the situation in Europe, the overall economic prosperity of all countries continues to be sluggish. Brexit negotiations are in trouble and the possibility of its future changes still needs to pay attention. In Asia, the trade war between Japan and South Korea broke out, Japan strengthened the control of the export of raw materials to South Korea, and Korean companies began to actively seek other sources from other countries. In addition, the impact of Japan's consumption tax hike on domestic demand continues to ferment, and the Japanese government will boost the economy through the US$ 120 billion economic stimulus project. China has been hit by the US-China trade dispute, its economic growth is facing a crisis of keeping 6% economic growth, and its economic situation is mainly supported by domestic demand, not foreign exchange earnings of trade. Affected by the above-mentioned changes in the economy, the overall global economic and trade scale have slowed down, and the economic performance of advanced countries except the United States has been relatively weak.
Changes in the international economic situation have a profound impact on the future development of global industrial supply chain. The U.S.-China trade dispute accelerates the global industrial supply chain migration trend, and it will make Taiwan’s industry face the critical challenge. How will Taiwan expand the opportunity of international economic cooperation and strive for the role of the global supply chain under the rapid changes in the future?
Taiwan’s industrial policy for the next ten years will focus three major directions, including “Global High-Level Manufacturing Centers”, “Digital Transformation of Industries” and “Building Green Industries and Supply Chains”. Taiwan will use specific development strategies and policies to support Industrial transformation and upgrading, and the establishment of sustainable industrial competitive advantages.
This search focuses on the in-depth discussions on the four major trends of the trend of international industrial supply chains, industrial competition and innovative technology applications, industrial policy development trend, and industrial land planning. Finally, it summarizes the major findings and analysis, as well as qualitative research connotations from domestic and foreign expert interviews and think tank meetings, and puts forward the future industry development direction and research and policy recommendations.