Chaebol or Mittelstand

Latest issue of 天下雜誌 has an article about Taiwan's Mittelstand（中小企業）which is lauded as "hidden champion" to which the success of German ebullient industry also attributed. Compared with South Korea, according to "Business Week", their top 10 chaebol make up half the value of the stock exchange. Chaebol or Mittelstand, which is better for sustainable economy? Chaebol may have the formidable marketing and R&D clout but these corporate behemoths may easily choke off small players and create social uneasiness which has already been simmering in South Korea, according to the 11/25 issue of Business Week.