ABSTRACT
This chapter describes Taiwan's well-known institutions of growth. It examines how those institutions have been adapted to deal with the pressing problems of industrial pollution. The chapter considers the impact of Taiwan's unique approach to industrial pollution control, abatement and prevention on industrial pollution. Successful state guidance of market development hinged on maintenance of macroeconomic stability, significant public investment in human and physical infrastructure and the mobilisation of an investable surplus which could be channelled into efficient and productive industry. Industrialisation and openness to foreign capital and technology create several opportunities for the high-performing economies to leapfrog less costly and more effective urban industrial environmental outcomes. Awareness is at least the step toward integrating environmental considerations into industrial policy. Taken together, higher industrial growth rates and dependence on the Organisation for Economic Co-operation and Development for capital and technology alone could make a substantial environmental difference.
