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Taiwan Economy. LECTURER: JACK WU JACKWU@NCCU.EDU.TW 吳文傑. How big is Taiwan’s Economy (GDP)?. The Ranking of GDP per capita (2014). GDP Per Capita (PPP) world ranking 2014. GDP per capita (2014) (Asia Pacific). The Most Wealthiest Countries by Global Finance Magazine.
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Taiwan Economy LECTURER: JACK WU JACKWU@NCCU.EDU.TW 吳文傑
Before Takeoff • Japanese Colonial Era (before 1945) • KMT brought 2 million mainlanders (human capital) to Taiwan, 1949 • U.S. Aid (1950-1967)
Golden Years • Export expansion policy, Export Processing Zone, 1965-80 • Second import substitute policy, 1975- 80 • Ten Public Projects, 1974-1979 • High-tech industry, 1980- • Financial liberalization, 1990-
After Golden Years • Open direct investment in China, 1990- • Tension between Taiwan and China, 1996-2001 • Join World Trade Organization, 2002- • Cross-strait Direct Flight, 2008- • Sign ECFA with China, 2010-
Current Economic Issues • Sluggish wage growth • Unequal income distribution • High housing price • Economic Reliance on China