Investor Presentaiton

Government Policy Towards Employment Job Creation strategy Subsidies to create jobs - - Wage subsidies Foreign Direct Investment subsidies Jobs are costly and often unsustainable Competitiveness strategy Creating the conditions for productivity and cluster development Improving the efficiency of infrastructure Cluster-based training Improving the flexibility of labor markets Healthy clusters generate competitive jobs that are sustainable There is no direct and easy answer to job creation; short-term solutions are costly and do not often succeed in the long run CAON Taiwan Presentation 07-31-01 CK 56 56 Copyright © 2001 Professor Michael E. Porter

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