CROSS Magazine Issue 06 | Page 45

C R OSS Conference DAY 2 ChinTay Shih 1 The world’s economy has switched from agriculture which relies on natural resources to manufacturing-based and to what it is now, the post-information era. What would be the biggest challenge for the manufacturing-based country like Taiwan to switch to this innovation-based economy? It requires quite a few effor ts to really move the economy to the traditional industry or manufacturing-based economy to the innovation-based economy. The industry structure needs to change, the government policy needs to encourage innovation also suppor ts the education of talents. Nur turing the talents for innovation-based economy is quite different if compared to the manufacturing industry. Innovation-based economy relies on its people who can create ideas and who can bring innovation into realization. It takes quite a lot of effor t. People also should also switch the investment target from hardware to software, system integration, application of technology, green technology; all of these are impor tant to the innovation-based econom y. Interview with 45