Taiwan S Development Experience

Taiwan's Development Experience: Lessons on Roles of Government and Market scrutinizes the main features of the Taiwanese development experience under five interrelated themes and domains: Outward-orientation vs. inward-orientation; Sources of growth; Dynamic balanced growth process: the interaction between agricultural and non-agricultural sectors; The role of government in the transition to a more market-oriented economy; and The potential transferability of the Taiwanese development experience to developing countries. In addition to highlighting the essential contributions of papers, the Editors also bring out the views and contributions, under each of the above headings, of two distinguished former Cornell University colleagues who are honored at the sponsoring conference - T.C. Liu and S.C. Tsiang.

Within thirty years of its humble beginnings, Taiwan was listed by the Organization for Economic Cooperation and Development (OECD) as one of ten newly industrialized countries (NICs). This book charts how and why such growth took place, and discusses areas of Taiwan's experience that might be useful in helping other countries achieve economic growth and improve their living standards.The second edition includes additional chapters and updated information and statistics.The author, one of the chief architects of Taiwan's economic development, worked with the government for forty years. Here, he draws on his extensive experience. He has held important positions such as Economics Minister, Finance Minister, and Minister without Portfolio dealing with, among other inter-ministerial problems, the Science and Technology Program. Presently, he is the Senior Advisor to the President. He has been involved in the development of economic, fiscal, monetary, industrial, international trade, manpower, science and technology policies.

Monographic compilation of essays on the economic development of Taiwan, China - analyses changes in economic structure, economic growth and agricultural development trends, industrial development, fiscal policy and monetary policy, foreign trade policy, labour force, wages, standard of living, trade unionism, government policy and economic policy. Graphs, references and statistical tables.

Throughout the twentieth century Taiwan was viewed as a model - whether in terms of a model colony, a model China or a development model. This perception was based on the notion of Taiwan undergoing an economic miracle and political developments. Yet much of Taiwan’s history is unique and may not be readily replicable elsewhere. Written by an impressive line up of contributors from the US, UK, Taiwan, France and Hong Kong, this book analyzes Taiwan’s economic and political achievements, and asks whether it is possible to identify through the experience of a single nation – Taiwan – the makings of a replicable model. This book will appeal to students and scholars of Taiwan, political economy, and Asia-Pacific regional development issues.

Economic Development of Emerging East Asia presents economic studies of Taiwan and South Korea, compares them chiefly with Japan and the United States and finds that these East Asian countries are still in the process of emerging in the world economy. A timely quantitative and econometric analysis of the regional economies of emerging East Asia, the volume examines development indicators, effects of the 1997 Asian financial crisis, productivity growth, catching up and convergence of long run real GDP per capita growth, the time required for a country to catch up, colonialism and economic development in Taiwan and India. Arranged in increasing complexity of economic analyses, the chapters in this book provide a comprehensive understanding of emerging East Asian economies. In addition to serving as a handy reference for regional economists, policy analysts and researchers, Economic Development of Emerging East Asia can also be used as a textbook on economics and business.

This book tells the story of Taiwan’s economic revolution—how Taiwan transformed itself from a planned economy into a market economy between 1949 and 1965. The authors posit that it was the Kuomintang Government's endorsement of property rights reform and institutional change that enabled Taiwan to transform from an impoverished command economy to one of the fastest growing economies in the world. The book gives special attention to how a small group of political and economic leaders began adopting the new ideas and beliefs that created the vision that enabled them to embrace institutional and organizational innovations, actions which led to the formation of the new market economy. Using first-hand interview material with key government officials from the period, and analyses of hitherto unused Chinese-language archives including: the diaries of Chiang Kai-shek, Kuomintang party archives, and personal papers of Kuomintang leaders, as well as newspaper and journal articles published in Taiwan between 1949 and 1965, this book is both empirically rich, and gives the reader insights into Taiwan's developmental experience and the direction in which, under different circumstances, China's post-war expansion might have proceeded. Taiwan's Economic Transition will be an invaluable resource for anyone interested in the economic and political history and development of Taiwan. More broadly it will also appeal to scholars and students of China's historical and contemporary development, Asian economics, and Asian studies.

This book describes and analyzes the demographic changes that took place in Taiwan between 1945 and 1995. It uses an interdisciplinary methodology so that different approaches to demographic change can be compared and contrasted. It attempts to evaluate Taiwan''s experience so that lessons for the Third World can be extracted. The content and presentation of the material are deliberately designed to replicate the 1954 work of Barclay, Demographic Change and Colonial Development in Taiwan. As such the book seeks to provide the reasons that economic development without demographic change took place under the Japanese while development with demographic change took place under the Chinese. The volume is richly illustrated with some 82 original maps and graphs.

Taiwan's economic growth since the 1970s has roots in its pre-war development and post-war formation of the Pacific trade triangle. By highlighting the historical perspective of the Japanese linkages and the geographic vantage point of Taiwan–Japan–USA trade triangle, Economic Development of Taiwan features a collection of papers by Frank S T Hsiao and Mei-Chu Wang Hsiao. Published mostly between 1989 and 2002, their analyses on Taiwan's pre-war and post-war early economic history debunk the myth of the country's post-war rags to riches story and revalue the myth of "wise" government policy. Timely and accessible, this unique volume shows how early Taiwanese experiences of economic development can be valuable paradigms for emerging economies of Asian, African and Latin American countries in this age of globalization. Contents:IntroductionOverview of Economic Development of Taiwan:Taiwanese Economic Development and Foreign TradeTaiwan in the Global Economy — Past, Present, and FutureTaiwan in the Global Economy and on the End of its “Miracle”Japanese Colonial Linkages:Colonialism or Comparative Advantage? — On Agricultural Development in Colonial TaiwanColonial Linkages in Early Post-war Taiwanese Economic DevelopmentThe Historical Traditions of Taiwanese Small-and-Medium Enterprises — Origins of Taiwanese CapitalismThe Economic and Cultural Backgrounds of Taiwanese 228 Incident — An Application of Social Expectation TheoryEarly Postwar Economic Development:Product Life-Cycle and Diffusion of Technology — The Taiwanese CaseDirect Foreign Investment, Technology Transfer, and Industrial Development — The Case of Electronics Industry in TaiwanGlobalization of the Taiwanese Economy and US — Taiwan Trade RelationsJapanese Experience of Industrialization and Economic Performance of Korea and Taiwan — Tests of SimilarityEconomic Liberalization and Development — The Case of Lifting Martial Law in TaiwanDiminishing Returns and Asian NIEs — How They Overcome the Iron Law Readership: Advanced undergraduates or graduates in political science, sociology and Asian history students, and researchers of Taiwan studies. Key Features:Emphasizes the historical perspective of the Japanese colonial legacy, the geographic vantage point of the Pacific trade triangle, and the social and economic effects of the tragedy of the 2-28 IncidentEach chapter is self-contained and detailed enough to provide the background materials to those in other fields of studyThis book has well searched references in English, Chinese, and JapaneseKeywords:Economic Development;Taiwan;Colonial Linkages;Pacific Trade Triangle;Political and Cultural ChangesReviews: "The story of Taiwan's economic growth was once the metaphor for success among emerging economies. This new book, based on extensive research over many years, is a work deeply rooted both in economic and historical analysis. It shows the importance of colonial legacies; international partners and markets; technocratic expertise; and sustainable agricultural reform. This book reminds us of Taiwan's capacity for experimentation, innovation, and success in global markets. Serious scholars of Taiwan's — and the global — economy will want to read this book." William C Kirby Spangler Family Professor of Business Administration T M Chang Professor of China Studies Harvard Business School "This collection of papers provides a rigorous, insightful and systematic analysis of how the Taiwan economy developed from an agrarian economy to a high-tech power, and the role played by the Japanese legacy, democratization and the trade triangle of Japan, the US and Taiwan. It challenges the traditional Western view that the success of the Taiwan economy was led by wise government policies." Sheng-Cheng Hu Academician, Academia Sinica, Taiwan K T Li Professor, National Central University, Taiwan "This book challenges many previous interpretations of the Taiwan miracle and with support from a vast array of charts, figures, references and application of economic theories. Its scope and innumerable references make it a major resource not only for comparative studies of Taiwan's economy but also for research in developing Asian economies. Its conclusions can be disputed but not ignored." (See Full Review) Taipei Times