Economic Profile of Taiwan

Taiwan has a market economy. The Taiwanese government, however, acts to protect local producers from foreign competition, and generally exercises a more interventionist role in the country's economy than that which occurs in the United States. In this context, the relationship between the Taiwanese government and the economy's private sector follows much more closely the Japanese model than it does the American model.

Among the nonindustrialized economies within the Pacific Basin, Taiwan is one of the few countries with a very high potential to become a middle industrial power. Among all of

1The World Bank, World Development Report (New York: Oxford University Press, 1989), 203; "Southeast Asia's Boom Belt," WirtschaftswocheDusseldorf (27 January 1984): 3032.

2J. Paxton, (Ed.), The Statesman's YearBook: 19891990, 126th ed. (New York: St, Martin's Press, 1989), 370371; "The 'Four Dragons' Lose Their Fire," Business Week, 28 March 1983,6468.

the Pacific Basin countries, total Taiwanese trade (both exports and imports) with the United States

. . .
Some common words found in the essay are:
World Bank, MARKETS Taiwan, Peoples Republic, China Taiwan, Pacific Basin, Countries EconomicsAustralia, MARKETS Agriculture, MARKETS Taiwan's, Hong Kong, Korea RK, pacific basin, pacific basin countries, basin countries, foreign investment, world bank, energy consumption, press 1989, direct foreign, attract foreign, nationalist government, ed york, oxford university press, york oxford university, southeast asia's boom, university press 1989,
Approximate Word count = 1076
Approximate Pages = 4 (250 words per page)

More Essays on Economic Profile of Taiwan