Internationalization of Taiwan's economy

Internationalization of Taiwan’s economy refers to its increasing integration and engagement with global markets. This involves Taiwan expanding exports, attracting foreign investment, and forming trade partnerships worldwide. It is part of efforts to diversify its economy, reduce reliance on domestic industries, and stay competitive internationally. This process includes participation in international trade organizations, adopting global standards, and encouraging multinational corporations to operate locally. Overall, internationalization helps Taiwan access new markets, enhance technological innovation, and strengthen economic growth amid global economic shifts.