do not cite quote copy or circulate cy tsay yp chu revised 1 building bridges among universities research institutes and industry in taiwan c y yun peng august 2004 paper to be presented at the stanford itri seminar on industrial technology development california sept group senior advisor compal electronics chair professor national central university of economics director center for economic 2 i trajectory s manufacturing production indices have started grow constantly substantially since 1980s but appeared slow down stagnate even decline between 1987 1991 moment reverse did occur until period 1992 1999 see figure as shown 1995 value ratio gdp rebound from bottom valley mainly driven by rapid information radical currency appreciation 40 60 80 100 120 140 82 84 86 88 90 92 94 96 98 00 actual index
