COMPARATIVE ANALYSIS: BUSINESS INSIGHTS FROM TAIWAN AND VIETNAM

Abstract

This study, inspired by the perspectives of former German Chancellor Angela Merkel, delves into the symbiotic relationship between multiculturalism and certain innovations associated with Industry 4.0, positing their collective impact on fostering economic growth. Merkel's insights serve as a theoretical foundation, guiding an exploration into the intersections of cultural diversity and technological advancements in the contemporary global landscape. While Merkel's assertion aligns multiculturalism and Industry 4.0 with economic prosperity, the focus shifts to the unique case of Taiwan. Despite the steadfast rejection by the Taiwanese President of Beijing's assertion of the island as part of 'One China,' Taiwan faces a significant talent deficit, positioning itself among the nations with the most considerable skill shortages worldwide. This incongruity raises intriguing questions about the influence of geopolitical dynamics, the advent of Industry 4.0, and the challenges posed by the era of smartphones, social networks, the ongoing COVID pandemic, and isolated conflicts. The study navigates through the complexities of Taiwan's talent deficit, examining how it intersects with the broader global landscape characterized by political tensions, technological advancements, and the socio-economic impact of recent global events. It probes the paradox of a talent shortage in a region marked by technological innovation and geopolitical uncertainties, shedding light on the multifaceted factors contributing to Taiwan's unique circumstances.