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Essay / Research Paper Abstract
The Economic Development in Taiwan: This 12-page essay examines the economic development of Taiwan over the past half-century, while delineating a number of its major events and governmental policies. An annual increase of 40 to 50 thousand newly registered enterprises and 6,000 to 7,000 newly installed factories indicate the stamina of this growing economy -- and it doesn’t appear to be slowing down. Bibliography lists 5 sources. SNTaiwan.doc
Page Count:
12 pages (~225 words per page)
File: D0_SNTaiwan.doc
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be slowing down. Bibliography lists 5 sources. SNTaiwan.doc The Economic Development in Taiwan Written by Susan A. Nelson - July, 2001 For
More Information On This Paper Please The Republic of China on Taiwan (ROC) occupies an area of in excess of
36, 000 square kilometers (about the same size as Switzerland), though its population of nearly 22 million is triple that of the Swiss. In addition, it currently ranks as
the 14th largest trading entity in the entire world (1). At the outset of its development shortages of material supply, high inflation and a scarcity of foreign
exchange reserves beset the ROC. However, in the past four decades the combined efforts of the government and the local citizenry have simultaneously achieved economic growth, stability and
a fairly equal distribution of wealth (2). This essay examines the economic development of Taiwan over the past half-century while delineating a number of major events and governmental
policies. At the end of World War II, the figures for Taiwans population and per capita income were exceedingly low. Constant liberalization and
international cooperation allowed the island to industrialize quickly, and led to the continual upgrading of industry as well as a persistent rise in per capita income. Additionally, important
to the industrial development and economic reconstruction of the ROC during the early years was the relocation of many skilled technicians from the Chinese mainland to the island in the
late 1940s. Moreover, the timely provision of U.S. Aid, as well as the contribution made by the administrative and financial systems developed by the Japanese for agriculture on Taiwan
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