@techreport{oai:ir.ide.go.jp:00037972,
 author = {Sato, Yukihito},
 month = {Mar},
 note = {application/pdf, IDP000195_001, The final stage of the catching-up process has formidable hurdles. This paper examines
the case of Taiwan’s motorcycle industry and shows how latecomers overcame the
hurdles. In the early 1990s, the two largest motorcycle makers in Taiwan, Sanyang and
Kwang Yang, had completed the catching-up process and became independent from
Honda, on which they had technologically depended since the early 1960s. The requisite
for independence was acquiring the capacity for product innovation. The two assemblers
could cultivate technological capacity by investing abundant resources, which they
accumulated in the protected market. It should be noted that although the market was
protected and highly concentrated, it was also very competitive. Another condition was
the solid local suppliers of parts and components. The local suppliers had also grown
under the government’s industrial policies. However, their development beyond imitators
can be attributed to their own initiatives.},
 title = {Perfecting the Catching-up: The Case of Taiwan's Motorcycle Industry},
 year = {2009}
}