Question 2: What exactly is the reason for Taiwan's better economic development than the mainland? The reasons for Taiwan's faster economic development are summarized as follows:
(a) benefited from a large amount of U.S. economic assistance and the development of the post-war capitalist world economy. The United States from its own strategic interests, from 1950 to 1965 to Taiwan's economic assistance *** counted l5 billion U.S. dollars. 15 years, "the U.S. aid on average accounted for about 34% of Taiwan's gross investment, thus compensating for Taiwan's merchandise and labor people over 91%". U.S. economic assistance to Taiwan is not limited to funds or materials, but also includes military assistance, low-interest loans, direct investment, technology transfer, and personnel support. The role of USAID in the process of Taiwan's economic development is not trivial. According to Taiwanese scholars, without USAID, "Taiwan's economy would have lagged behind by at least 20-3O years". In addition, the post-war economic boom in the West in the 1960s and 1970s provided a huge market for Taiwan to develop an export-oriented economy.
(2) The property and talents brought from the motherland played an unnegligible role. *** When the ruling group was defeated and retreated from Taiwan, it transported 800,000 taels of gold from Shanghai as well as a large number of silver dollars and U.S. banknotes to Taiwan, and the Kong and Song families transferred 2 billion U.S. dollars to U.S. banks such as Citibank and Volkswagen and brought a large number of various types of financial and economic talents with them. These funds and talents played an important role in the development of Taiwan's economy. In addition, the *** ruling group also transported a large number of machines and equipment to Taiwan.
(3) The people of Taiwan have made important contributions to economic development. The people of Taiwan are diligent, thrifty, hard-working, and have made important contributions to Taiwan's efforts in raising the savings rate to gather capital, as well as developing international markets. Farmers have made sacrifices in the process of industrialization, and small and medium-sized entrepreneurs have become the protagonists of export trade.
(4) The Taiwan authorities have formulated economic policies such as seeking development while stabilizing. For example, in the development strategy to develop agriculture and labor-intensive industries before developing capital- and technology-intensive industries; to develop import-substituting industries before developing export-oriented industries, which is a better combination of the actual situation in Taiwan and effectively utilizes the opportunity of the changes in the international economic environment.
(5) The development of cross-Strait economic and trade relations has had a significant impact on Taiwan's economic development. Over the past decade or so, cross-Strait economic exchanges and cooperation have taken on a certain scale, and a complementary and mutually beneficial situation is taking shape, with the motherland having become the hinterland for Taiwan's economic development. Taiwan's huge annual surplus from cross-Strait trade has ensured the balance of its trade balance and increased its investment capacity on the island. A large number of Taiwan's labor-intensive enterprises have invested in the mainland, easing their difficulties in developing on the island and facilitating the transformation and upgrading of Taiwan's industries, especially the growth of high-tech industries. The rising share of the motherland in Taiwan's export share has reduced Taiwan's excessive dependence on the U.S. market for foreign trade, and has also played an important role in stabilizing Taiwan's economy.
Question 3: What kind of economy has been formed in Taiwan, the Republic of China The Republic of China, Taiwan, has described an economic system dominated by high-tech production and service industries.
Question 4: What are the types of economies in the Pearl River Delta and Taiwan Province The type of economy in the Pearl River Delta is an externally oriented economy; the type of economy in Taiwan is an import-processing-export economy. Therefore, the answer is: outward-oriented economy and import-processing-export economy.
Question 5: What are the pillars of Taiwan's economy 20 points Since 1949, Taiwan's economic development has roughly gone through four periods:
(1) The period of economic restoration (194float-1952).
At that time, Taiwan's population increased dramatically, prices soared, industrial and agricultural production almost came to a standstill, while military expenditures accounted for more than half of the fiscal expenditures, the people had difficulties in living, and the economy was on the verge of collapse. To this end, the Taiwan authorities adopted a series of policies and measures aimed at stabilizing society and restoring the economy, land reform, reform of the currency system, foreign exchange trade control, and prioritize the development of power, fertilizer and textile industries, etc. In the 1950s, Taiwan's agricultural development was rapid, with an average annual growth rate of 4.7% each. In addition, from the second half of 1950, the United States began to implement economic assistance to Taiwan, injecting large amounts of money to help Taiwan recover its economy. By 1952, Taiwan's economy had basically recovered to its pre-World War II peak level.
(2) The period of agricultural development (1952-1960).
At that time, Taiwan's economy was basically based on agriculture, with a surplus of labor, serious deficits in both foreign trade and the balance of payments, an extreme shortage of foreign exchange, and an inability to consume imported industrial goods due to low incomes. With the guiding principle of seeking development through stability, the Taiwan authorities established the policy of fostering industry through agriculture and developing agriculture through industry. The land reform promoted the improvement of agricultural labor productivity, and agricultural products and their processed products accounted for a very high proportion of total exports, as high as 71.5% in 1957, becoming the main force of foreign exchange earnings. The Taiwanese authorities, in turn, captured profits by means of unequal exchanges, such as fertilizer for grain and compulsory purchases, and transferred it to the industrial sector. In the industrial sector, the center of gravity was placed on livelihood industries that did not require much capital, did not have high technological requirements, and had a short lead time for building factories, so as to replace imports with on-island production in order to adapt to the island's level of consumption and to save foreign exchange expenditures, create more jobs, and alleviate the pressure on employment. It has formed agricultural and sideline product processing industries such as sugar, tea, pineapple and lemongrass oil, as well as import-substituting industries such as cement, glass, wood products, paper, fertilizers, textiles, cooking oil, flour, plastic raw materials and products, man-made fibers, bicycles, sewing machines, and household appliances.
(C) The period of export-oriented economic development (1960-mid-1986).
Due to the small size of Taiwan's market, the product market for import-substituting industries was already saturated at that time, and continued development would lead to a lack of economic strength. Taiwan seized the opportunity of changes in the international division of labor at that time to take advantage of the international comparative advantage of low wages to vigorously develop the processing and export industries to drive economic development, and successively amended or formulated policies and measures aimed at promoting exports, such as carrying out reforms in foreign exchange trade, implementing regulations on incentives for investment, encouraging private savings, providing tax and financing concessions to export manufacturers, and establishing export processing zones and bonded warehouses. Foreign investment played an important role in Taiwan's industrialization and export expansion during this period, and private enterprises shifted from import substitution to export industries, becoming the mainstay of economic growth. Taiwanese enterprises imported production materials from Japan and exported industrial goods to the United States, creating a triangular trade relationship that depended on Japan for production and the United States for markets. Taiwan's industry developed at a rapid pace. From 1963 to 1973, the average annual growth rate of industry was as high as 18.3%, of which the average annual growth rate of manufacturing industry reached 20.1%, the proportion of industrial output value in Taiwan's GDP increased from 26.9% in 196O to 43.8% in 1973; the proportion of industrial products in the value of export trade increased from 32.3% in l960 to 84.6% in l973. So far, Taiwan's industry has established an export processing zones as the basis for light textiles, home appliances and other processing industries as the core of the industrial pillar, which led to the development of the economy.
(D) The period of economic transformation (l986 to present).
Since the 1980s, due to changes in Taiwan's internal and external economic environments, the NT dollar has appreciated sharply against the US dollar, wages have also risen sharply, there is a shortage of labor, and the labor-intensive processing and export industries have gradually lost their comparative benefits and comparative advantages, leading to a low willingness to invest in the private sector, and the economy is in a predicament. For this reason, the Taiwan authorities in 1986 proposed the implementation of liberalization, internationalization, institutionalization of economic transformation, to further improve and perfect the market economy mechanism, and industrial upgrading and expanding foreign trade markets outside the U.S. as a major adjustment to determine the communications, information, consumer electronics, semiconductors, precision instruments and automation, aerospace, advanced materials, special chemicals and pharmaceuticals, health care and pollution prevention and so on. Ten emerging industries have been identified as the pillar industries. After nearly 10 years of economic transformation, Taiwan's economy has made some progress in liberalization and internationalization, and industrial upgrading has begun to show results, with the proportion of capital- and technology-intensive industries in the manufacturing industry now reaching 61.5%, of which ...... >>
Question 6: What type of economy is Taiwan forming by focusing on export industries? Export-oriented export industry
Specifically, importing raw materials, precision processing and manufacturing, and then exporting them to the outside world
Question 7: What did Taiwan's economy used to be based on? Taiwan's economy is the 15th largest in the world, characterized by a large number of small and medium-sized enterprises, very different from Japan and South Korea, which are dominated by plutocrats. The economic structure has gradually replaced labor-intensive industries with high-tech industries, and the share of agriculture in GDP has dropped from 35% in 1952 to 2%. The combined share of services and high-tech industries is now more than half of the total, but it is also facing the problem of the rapid migration of traditional industries (especially the "magnetization effect" of mainland China). Taiwan's electronics industry plays an important role in the global economy, with most computer and electronic components being produced in Taiwan. Foreign trade is the lifeblood of Taiwan's economy, Japan and the United States has long been Taiwan's top two trading partners, but in 2005 after the retreat of two or three, mainland China has become Taiwan's import and export trade, the first large object, in 2006, import and export trade, the top ten for: mainland China, Japan, the United States, Hong Kong, South Korea, Singapore, Germany, Malaysia, Saudi Arabia ***, Australia. Another part of the shift to the European and Southeast Asian markets, Taiwan is also a major source of investment in Thailand, Indonesia, the Philippines, Malaysia and Vietnam, in addition, there are more than 50,000 Taiwan-funded enterprises in China, and long-term resident Taiwanese businessmen and their dependents are in the millions. View original post>>
Question 8: What exactly is the reason that Taiwan's economic development is better than that of the mainland The reasons for Taiwan's faster economic development are summarized as follows:
(a) Thanks to the large amount of U.S. economic assistance as well as the development of the capitalist world economy in the post-war period. The United States from its own strategic interests, from 1950 to 1965 to Taiwan's economic assistance *** counted l5 billion U.S. dollars. 15 years, "the U.S. aid on average accounted for about 34% of Taiwan's gross investment, thus compensating for Taiwan's merchandise and labor people over 91%". U.S. economic assistance to Taiwan is not limited to funds or materials, but also includes military assistance, low-interest loans, direct investment, technology transfer, and personnel support. The role of USAID in the process of Taiwan's economic development is not trivial. According to Taiwanese scholars, without USAID, "Taiwan's economy would have lagged behind by at least 20-3O years". In addition, the post-war economic boom in the West in the 1960s and 1970s provided a huge market for Taiwan to develop an export-oriented economy.
(2) The property and talents brought from the motherland played an unnegligible role. *** When the ruling group was defeated and retreated from Taiwan, it transported 800,000 taels of gold from Shanghai as well as a large number of silver dollars and U.S. banknotes to Taiwan, and the Kong and Song families transferred 2 billion U.S. dollars to U.S. banks such as Citibank and Volkswagen and brought a large number of various types of financial and economic talents with them. These funds and talents played an important role in the development of Taiwan's economy. In addition, the *** ruling group also transported a large number of machines and equipment to Taiwan.
(3) The people of Taiwan have made important contributions to economic development. The people of Taiwan are diligent, thrifty, hard-working, and have made important contributions to Taiwan's efforts in raising the savings rate to gather capital, as well as developing international markets. Farmers have made sacrifices in the process of industrialization, and small and medium-sized entrepreneurs have become the protagonists of export trade.
(4) The Taiwan authorities have formulated economic policies such as seeking development while stabilizing. For example, in the development strategy to develop agriculture and labor-intensive industries before developing capital- and technology-intensive industries; to develop import-substituting industries before developing export-oriented industries, which better combines Taiwan's actual situation and effectively takes advantage of the opportunities arising from changes in the international economic environment.
(5) The development of cross-Strait economic and trade relations has had a significant impact on Taiwan's economic development. Over the past decade or so, cross-Strait economic exchanges and cooperation have taken on a certain scale, and a situation of complementarity and mutual benefit is taking shape, with the motherland having become the hinterland for Taiwan's economic development. Taiwan's huge annual surplus from cross-Strait trade has ensured the balance of its trade balance and increased its investment capacity on the island. A large number of Taiwan's labor-intensive enterprises have invested in the mainland, easing their difficulties in developing on the island and facilitating the transformation and upgrading of Taiwan's industries, especially the growth of high-tech industries. The rising share of the motherland in Taiwan's export share has reduced Taiwan's excessive dependence on the U.S. market for its foreign trade, and has also played an important role in the stabilization of Taiwan's economy.