Taiwan’s economic miracle is a remarkable story, almost without parallel in the post-war world. A defeated, corrupt government imposed itself brutally on an island whose economy had been severely disrupted by years of war. But through four decades of a combination of state interventionism, private initiative, external financial assistance, and the exploitation of the positive elements of the legacy of Japanese colonialism, the island was transformed. By the 1980s, it was already one of the most prosperous of all developing countries, and in the 1990s will take its place in the ranks of the industrialised nations.
KeywordsContainer Terminal Land Reform Spot Market Electrical Machinery Current Account Surplus
Unable to display preview. Download preview PDF.