Why Taiwan Should Encourage Immigrants to Start a Business
Elias Ek |
TEDxDominicanIntlSchool
• April 2021
Taiwan is a country that needs all the international connections it can get. Encouraging foreigners to start businesses in Taiwan achieves several important goals at the same time. Internationally, research shows that foreigners tend to be more entrepreneurial than the locally-born population. If foreign residents in Taiwan would start businesses at the same rate as in the US and the UK, another 100,000 companies would be formed. Research in Taiwan shows that foreign-owned SMEs tend to hire more employees than local entrepreneurs. And foreign entrepreneurs are more likely to do international business, often with their country of origin. Thus, encouraging foreign entrepreneurs would lead to hire GNP, higher employment and stronger connections with countries around the world.