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The International Trade of Taiwan

ew countries with a very high potential to become a middle industrial power. Among all of the Pacific Basin countries, total Taiwanese trade (both exports and imports) with the United States is second only to that of Japan (Paxton, 1990).

Taiwan has typically been successful in maintaining a balance between its imports and exports. Further, the country typically imports a minimal amount of food products, as it is, essentially, selfsufficient agriculturally. The country is a leading producer of both rice and sugar. In manufacturing, the country makes an effort to produce that which it consumes. It has, however, been widely accused of violating international patents and copyrights in its production for domestic consumption.

Agriculture accounts for approximately 18 percent of Taiwan's gross national productGNP (The World Bank, 1990). While this reliance on agricultural production is higher than that found in the world's industrial market economies, it is much lower than that typical in most developing economies. Industry and services each account for approximately 41 percent of Taiwan's GNP (The World Bank, 1990). A comparison of Taiwan's structure of production with that of some other Pacific region countries is presented in Table 1, which may be found on the following page, while a comparison of Taiwan's structure of employment with those same countries is presented in Table 2, which may be found on page 5.

Taiwan's principal resource is its people. The country does not possess a rich physical resource base (Paxton, 1990). While its people are industrious, the country's adult literacy rate (75 percent) lags behind that of some other developing countries in the Pacific Basin area. A comparison of populationrelated factors for Taiwan with those of some other Pacific region countries is presented in Table 3, which may be found on page 6, while a comparison of literacy and healthrelated factors for Taiwan...

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The International Trade of Taiwan. (1969, December 31). In LotsofEssays.com. Retrieved 12:01, May 03, 2024, from https://www.lotsofessays.com/viewpaper/1684656.html