| Author | Chu, Li-chih |
| Call Number | AIT RSPR no. SM-94-19 |
| Subject(s) | Foreign exchange--Taiwan
|
| Note | A research study submitted in partial fulfillment of the requirements for the degree
of Master of Business Administration |
| Publisher | Asian Institute of Technology |
| Abstract | Foreign exchange reserve is the foreign exchange held by a government, usually by
its central bank. When a country exports goods or services, it earns foreign exchange. On
the other hand, when it imports anything -- goods, services, or technology know-how, it
must pay foreign exchange. If export is greater than import, than the foreign exchange
will increase and accumulate. If exporters sell their foreign exchange earned from trade
surplus to their central bank and get local currency for domestic use, a country's foreign
exchange reserve can increase.
Taiwan's foreign exchange is significant in the world. Taiwan is only a small island
country, but its foreign exchange can compete with those of the world's two economic
super power -- Japan and Germany.
This research attempts to find out why -- why Taiwan's foreign exchange reserve
grows, how it grows, how about its management, and how it is spent on science,
technology and infrastructure construction.
Chapter three first examine the status of Taiwan's foreign exchange reserve in the
world, try to find out when it is the number one in the world since January 1990,
compared with the other two large foreign exchange holders, Japan and Germany. Then
discuss how it grows and why it grows.
Though the management of Taiwan's foreign exchange reserve has long been
deemed a national secret by the Central Bank of China, chapter four still try to discuss it.
Science, technology and infrastructure all contribute a lot to a nation's international
competitiveness and the standard of living of its people. Taiwan's science and technology
was ranked the number one among emerging nations in 1992 by International Institute for
Management Development (IMD), so the spending of Taiwan's foreign exchange in these
aspects is also discussed in this research.
The finding from Taiwan's successful experience can serve as an example for other
developing countries to refer to. |
| Year | 1994 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Tang, John C.S.; |
| Examination Committee(s) | Sharif, Nawaz;Igel, Barbara; |
| Scholarship Donor(s) | Taiwan Provincial Government; |
| Degree | Research Studies Project Report (M.B.A.) - Asian Institute of Technology, 1994 |