Although Taiwan is poor in natural resources, her geographical position is a favourable factor for economic growth. This point is similar to Singapore and Hong Kong. Hence, the great trade flow of the western edge of the Pacific Basin has fostered the development of the three newly industrialising countries (NICs).
KeywordsSugar Rubber Income Dition OECD
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- 1.Estimated on the basis of factor costs of constant (1981) prices, adjusted with changes in terms of trade. See Directorate-General of Budgeting, Accounting, and Statistics (DGBAS), National Income in Taiwan Area, December 1987, pp. 14–15.Google Scholar
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