Success in manufacturing has two conditions: tariff barriers to shield the infant industries from external competition, and a rigorous focus on exports to ensure that manufacturing cannot just shelter behind the tariff barriers and reap monopoly profits inside the country. Each industry needs to have several companies enter,… Read More
Tag: how asia works
How Asia Works, phase 1
This is not too much about semiconductors so consider this an “off-topic” warning. But I think you should read on anyway.
TSMC will show up eventually but not yet.
I was in Asia at last week. Coincidentally, I had a book to read on the plane called How Asia Works by Joe Studwell. It looks at what has made Japan, Korea, Taiwan… Read More