Chih-Kung Lee, Minister of Economic Affairs of the Republic of China (Taiwan) provides insights into Taiwan’s “new economic model” recently established by the new government to boost the country’s economic growth and ensure Taiwan renews its role as an innovation pioneer. He also documents the crucial role that the pharmaceutical and biotech sectors will play in upgrading the industry and innovation profiles of Taiwan and how the Ministry of Economic Affairs intends to support these sectors’ domestic and international development.
Over the past eight months, Taiwan has been displaying stable economic growth and positive results for crucial economic indicators. Nevertheless, President Tsai recently vowed to turn “Taiwan into a Tiger again” and “renew its role as a pioneer” by building the country’s “new model of economic development”. What are the main specificities of this new economic model that you have been entrusted to develop, as Taiwan’s Minister of Economic Affairs?
"Recent trends in the pharmaceutical and biotech industries have transformed the way healthcare companies conceive their drug development strategies."
