The Development of Funding and Investment Mechanism in Taiwanese High-Tech MNCs : The Disastrous Impact on the Competitiveness of Japanese Consumer-Electronics Giants

The main purpose of this paper is to analyze the funding and investment mechanism of Taiwanese high-tech multinational corporations (MNCs) and clarify the whole development process of global financial capitalism in Taiwanese high-tech sector.Especially, I try to illustrate the power transformation process between Japanese consumer-electronics giants and Taiwanese high-tech MNCs from the funding and investment point of view.More specifically, how did Taiwanese hightech MNCs invest a huge amount of money in the equipment of investment and R&D to expand productivity and upgrade the level of technology, drove Japanese competitors out of the global market?This is the main question of my paper.I propose that various factors: entrepreneurship, the relationship between innovation and financial capital, financial capitalism, resource dependence relations during their social network, the difference between Japanese and Taiwanese financial and management system affect the power transformation process between Japanese high-tech industry and Taiwanese counterparts.The goal of this paper is to examine how the relationships between the development of financial system in Taiwan and technological innovation of high-tech MNCs, inter and intra-corporate funding network in Taiwan had an extraordinary impact on diminishing international competitiveness of Japanese consumer-electronics giants, Taiwanese high-tech MNCs grabbed the opportunity of revolutionary development in the global capitalist economy.