This volume was conceived to further the understanding of the transformation of the Taiwan economy over the past four decades and thus to throw light on issues in development theory and policy, especially for other developing economies. It is built on the micro foundation of a series of enterprise field studies which were conducted by a consortium of eight Taiwan universities under the auspices of Taiwan’s National Science Council. Although Taiwan’s status as one of the four dragons and a rapidly growing Asian Pacific economy is well understood, information on its development remains relatively scarce. Publications of most international organizations rarely include Taiwan as an entity, and scholarly analysis of the causes of the Taiwan miracle are often speculative. Those based on empirical research are by and large at the macro level; few are based on field studies of one of the most critical factors - Taiwan’s enterprises. This volume aims to fill the void and goes a long way toward developing a micro perspective on this important economy.