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Before the 1920s, the sugar industry dominated Taiwan's economy, while from 1920 to 1930, rice became the primary export. During these two periods, the primary economic policy of the Office of the Governor-General (OGG) was "industry for Japan, agriculture for Taiwan".
In this paper, we shall provide a review of the historical experience of economic growth in Taiwan. While there has definitely been a slow down in the rate of growth of real GDP in Taiwan, it is not so clear whether there has been a real slow down in the rate of growth of aggregate social welfare.
17 lut 2020 · By the early 21st century, Taiwan’s GDP per capita had risen from $1400 immediately following World War II to more than $50,000 on purchasing power parity (PPP), higher than that of most developed European nations at the time. Though GDP per capita on a nominal basis remained at around $20,000, the economy appeared to be on solid footing.
During the 1950s, Taiwan’s economy was still in the recovery stage, and with its substantial increase in population, Taiwan became a relatively poor country. The photo on the left in Graph 6 shows a scene around some railroad tracks on Zhonghua Road in Taipei City in 1953.
1 sty 2016 · This article offers an overview of Taiwan's economic history, stressing the most important factor in the country's economic development—the market mechanism of international factor price equalization. This mechanism caused fast economic growth, as well as more even income distribution in Taiwan before the 1980s.
THE DRIVING FORCES OF EARLY ECONOMIC GROWTH In the 1950s, following its full-blooded commitment to the KMT following the outbreak of the Korean War in June 1950, the United States became a major player in Taiwan's econ omy. Between 1951 and 1968, the US provided Taiwan with
ABSTRACT. perhaps the first developing country to adopt an export-oriented trade strategy after World War II. The factors usually associated with big shifts in policy—a macroeconomic crisis, a change in political power or institutions, lobbying by export interests.
