Feasibility Study of Taiwan as Asia Product Development and Management Centre in Asset Management Industry
Date Issued
2008
Date
2008
Author(s)
Sung, Chia-Yuan
Abstract
For recent years the asset management industry has been developing in a dramatic pace and become one of the fastest growing areas in financial industries. The prosperity has not only benefited single industry but also positively enhanced the economic growth and employment of the nation.ecause of the high added-value business nature of this industry, many economies including the United States, in Asia Pacific such as Hong Kong, Singapore, Australia, in Europe such as UK, France, Luxembourg and Ireland, even the emerging economies like China and India, are all working on this industry’s development. his thesis takes Porter’s Diamond Model (1990) as analytical framework in dealing with national and industrial competitiveness. The purpose of this thesis is twofold. One is to assess the feasibility of making Taiwan as an Asia product development and management centre in asset management industry. Secondly, based on the feasibility study above, this study proposes several viable strategies to gain sustainable competitive advantages. n terms of market scale, Taiwan plays a significant role in Asia financial market. However, the competitiveness of the nation is endangered by the unfavorable conditions such as limited industry expertise, capability, resources and the openness of regulation and policies. ased on the assessment, this study suggests the appropriate positioning and strategies for Taiwan to pursue is to leverage the competitive edges that Taiwan has already commanded, i.e. the strengths from related and supporting industries, regional ties, and the financial talents. his study suggests opener architecture in policy formulation and regulation, of which will be a very critical condition for Taiwan’s development as a regional centre in asset management industry. Also the liberalization for financial industry should speed up before getting too far behind. he present research suggests that Taiwan adapts a focused strategy for further development, given Taiwan’s comparatively limited resources, capability and supporting factors. Also this study proposes that Taiwan takes the niche approaches to develop and manage products in technology sector, Asia and Greater China region and Quantitative Modeling. Based on the unique resources that Taiwan owns, these niche approaches will definitely help Taiwan to develop long-term competitiveness in asset management industry.
Subjects
Asset management
Investment management
Asia asset management centre
Financial product development & management
The Competitive Advantage of Nations
SDGs
Type
thesis
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