Over the past few decades, Taiwan has built a remarkably successful export-oriented economy, driven by the ingenuity and resourcefulness of its Small and Medium Enterprises (SMEs). Taiwan’s SMEs are the backbone of the nation’s stable economic growth and development, and a key source of employment. According to the World Economic Forum’s 2019 Global Competitiveness Report, Taiwan ranked 12th of 141 countries in terms of overall national competitiveness, with particularly strong performance in “Macroeconomic stability” (1st), “Innovation capability” (3rd) and “Financial system” (6th).