Story of Taiwa: Economy

1. The Post-war Era:
Picking Up the Pieces

2. From Poverty to
Prosperity

The Shift from Agriculture to Industry (1952-1980)

Industrial Growth (1981-1999)

Reform for Sustainable Development (2000-)

3. Elements of Success

External Environment

Domestic Conditions

4. People and Government
Working Together

The Power of the Industrial Sector

A People Undaunted by Hardships

Government: From Babysitter to Mentor

Economic Policies

5. The Fruits of Economic
Development

Rapid Growth and Equitable Prosperity

Mild Inflation and Low Unemployment

Money in the Bank and No Debt

The Dawning of an Affluent Society

6. The Taiwan Experience

Adapting Western Models

Comparative Advantage

Human Resources

Peace and Stability as Magnets for Investment

Labor-Management Harmony

Environmental Protection

Cultural Promotion

7. New Challenges

The Problem With Prosperity

Challenges on the Economic Front