Comparing space industry interventions in Taiwan and elsewhere

Written by Nicholas Borroz. Taiwan’s government intervenes to develop its space industry. It is one of several political economies characterised by solid government intervention approaches to guide market actor behaviour. This robust interventionist approach has different strengths and weaknesses. In terms of strengths, Taiwan’s approach can help establish local dominance in niches in global value chains. In addition, it can incentivise the growth of certain business areas that will benefit the economy and coordinate the development of complementary business areas.