Transforming Taiwanese Economic structure in the 20th Century
Taiwan is the 17th largest global economy, 14th largest exporter and 16th largest importer, and also the third largest economy to be holding foreign exchange reserves, that are more than 180 billion US dollars. In the second half of the 20th century, Taiwan witnessed increased agrarian output because of the land reforms that were initiated, under the Chiang Kai shek’ rule. The 1960s saw a creation of export processing zones with attractive incentives for foreign investors. There was a gradual shift in emphasis from agriculture to technology because of several advantages that Taiwan presented in the international markets, and ...
