What was the economic development of taiwan ?

Geography

2 answers:

timurjin [86]3 years ago

6 0

ANSWER:

Taiwan has witnessed rapid 'economic development' over the 'last five decades'.

EXPLANATION:

The growth of the economy of Taiwan can be attributed to 'rapid industrialization' of the country.

The government of Taiwan has played a major role in the economic development of the country by allowing expansion of exports and the development of several industries.

Taiwan also has been able to achieve full-employment and an equitable distribution of income leading to a stabilized economy.

The growing and progressive economy of Taiwan has enabled it to become one of the 'four Asian Tigers'.

Phoenix [80]3 years ago

5 0

The inability of the financial sector to support new industries is part of a broader problem in Taiwan. ... Insufficient investment has not only led to a low economic growth rate and low wages in Taiwan, but it also has meant huge trade surpluses and hence high foreign pressure for currency appreciation in Taiwan.

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