Editing Economy of Taiwan (section)

===Active labor market policies===
[[Active labour market policies]] were carried out in Taiwan in the late 20th and early 21st centuries as a result of economic structural changes caused by [[globalization]] and [[deindustrialization]].<ref name=":5">{{Cite journal|last=Lue|first=Jen-Der|date=2013|title=Promoting Work: A Review of Active Labour Market Policies in Taiwan|journal=Journal of Asian Public Policy|volume=6|pages=81–98|doi=10.1080/17516234.2013.765184|s2cid=153955361}}</ref> [[Unemployment]] increased and reached approximately 5% in 2002 and 2009.<ref name=":5" /> A set of policies was adopted to help the unemployed and provide jobs. The Employment Insurance Act of 2002 grants income security during unemployment but, at the same time, requires beneficiaries to use all available resources to find jobs.<ref>{{Cite journal|last=Shi|first=Shih-Jiunn|date=2012|title=Shifting Dynamics of the Welfare Politics in Taiwan: from Income Maintenance to Labour Protection|journal=Journal of Asian Public Policy|volume=5|pages=82–96|doi=10.1080/17516234.2012.662357|s2cid=153774601}}</ref> The Multi-Faceted Job Creation Program, first introduced in 1999, creates job in the third sector groups, especially in [[nonprofit organization]]s.<ref name=":5" /> It subsidizes those companies to provide [[Vocational education|vocational trainings]] and job opportunities.<ref name=":6">Fen-ling Chen. "Unemployment and the Government's Role in a Risk Society: A Case Study in Taiwan". Risk and Public Policy in East Asia, edited by Raymond K.H. Chan et al., 2010, 115-131.</ref> The Public Sector Temporary Employment Creation Program directly addressed the [[2008 financial crisis]]. Unlike the Multi-Faceted Job Creation Programs, the Public Sector Temporary Employment Creation Program creates jobs in the government itself. From 2008 to 2009, the government was estimated to create 102,000 job opportunities through that program.<ref name=":2" /> A job creation project was also implemented to help young people by subsidizing the hiring of young people in universities and private companies.<ref name=":6" />