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Essay / Research Paper Abstract
A 10 page paper exploring the reasons that Taiwan has matured economically at such a rapid pace. Government’s efforts to make Taiwan more attractive to business; Taiwan’s extensive investment in China; and the efforts of the people themselves are leading reasons behind this economic growth. All of these factors have contributed to Taiwan’s dramatic growth in GDP over the past several years. Certainly Taiwan will need to pursue additional reforms and to plan for the future, but at present its people enjoy the distinction of having the fourth-best per capita income within Asia, led only by Japan, Singapore and Hong Kong. Bibliography lists 8 sources.
Page Count:
10 pages (~225 words per page)
File: CC6_KStaiwanEcon.rtf
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Unformatted sample text from the term paper:
in GDP of "only" 3.5 percent in 2002, following a year in which it recorded its only negative-growth year in its history. There are reasons that Taiwan has progressed
to economic prosperity over the years. It had opportunity, but then so did virtually every other Asian nation that did not achieve comparable results. In Taiwan, rapid increase
in GDP over the past several years can be attributed in part to conditions in other parts of the world, but primarily to efforts of the government and the people
to achieve economic success. Historical Development Much of the capital investment made throughout the world is directed to emerging markets, but the bulk
of it is not. Despite the rush to globalization that was occurring in the mid-1990s, only about 28 percent of global capital investment was directed to emerging markets (Capital
goes global, 1997). An emerging market is "a country making an effort to change and improve its economy with the goal of raising its performance to that of the
worlds more advanced nations" (What Is An Emerging Market?, 2002). In this sense, an emerging market country does not have to be poor to qualify for the distinction, but
it certainly is one in transition. These governments often seek to emulate structures found in "rich" countries, where business and tax structures are more attuned to the needs of
business and where there is less risk in non-financial aspects of operation. Such was already the case in Taiwan as long ago as
1988. Duvall (1988) listed several factors making Taiwan an attractive recipient of US businesses funds available for foreign direct investment (FDI). The list includes: ...improved laws for protection
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