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A trade deal likely to be signed in upcoming APEC meetings
TIER all three composite indicators decline due to global uncertainties |
The trade tension between the US and China could come to an end during the upcoming APEC meetings in November this year. A partial trade deal could be signed by both sides; however, uncertainties still remain as mutual trust of DC and Beijing is missing and not easy to rebuilt. As a result, the global demand remains weak, and the composite indicators issued by the Taiwan Institute of Economic Research (TIER) declined simultaneously.
Taiwan's exports in September 2019 decreased by 4.63% compared with the same month of 2018, ended a very brief one-month increase. The exports to the US market increased by significantly 8.6% y-o-y, whereas exports to China decreased by 5.5% y-o-y. Regarding imports, Taiwan's imports in September 2019 decreased by 0.57% compared with imports in September of 2018. On the cumulated basis, exports and imports from January till the end of September this year gave a trade surplus of US$ 32.75 billion or decreased by 10.32% on a y-o-y basis. ...Read more |
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| Intelligent transport plan to receive NT$6bn budget |
| The government would spend NT$6 billion (US$196.6 million) on a five-year project to boost the development of intelligent transportation systems in the 5G era, Minister of Transportation and Communications Lin Chia-lung said in October. Lin made the announcement at the International Green and Smart Mobility Forum in Taipei, hosted by the Taiwan Institute for Sustainable Energy together with the Telecommunication and Communication Foundation. (Source: Taipei Times) |
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Taiwan Economic Research Monthly
Policy governance of digital transformation in manufacturing industry with case studies |
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Reveal the secret of digital transformation that enables LEGO to win World Branding Awards
 In 2003 and 2004, LEGO lost nearly USD $300 million on revenue. In order to avoid the bankruptcy, LEGO started digital transformation positively since then.
This article analyzes and uncovers the secret of digital transformation that enables LEGO to win World Branding Awards.
Furthermore, it also covers the case study of LEGO in transforming the LEGO Group for the digital economy.
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