Economic, trade, innovation, and global value chain (GVC) linkages between the United States and Taiwan are vitally important to both nations’ advanced technology industries and broader economies. Policymakers should work to deepen them.
Trade plays key roles in fostering innovation, both as a conduit for the diffusion of global technology and knowhow that facilitates innovation in developing nations and by giving innovative companies access to large global markets through which they can recoup their upfront investments in R&D and generate revenues to finance future generations of innovation. GTIPA-member reports here examine trade-innovation linkages.