An army of ants

Article Abstract:

Taiwan is world leader in a number of industries, but it was not singled out in the days when praise was given to Asian economic tigers. Since the collapse of many neighboring economies, the advantages of the relative financial caution of Taiwanese companies has become apparent. Small and medium firms are important in Taiwan, and provide flexibility for the economy, which has not been guided by a grand industrial policy. Chinese values such as hard work and financial conservatism have also helped the Taiwanese economy.

Economic policy

---

The survivor's tale

Article Abstract:

The Taiwanese economy has benefited from a number of factors such as financial caution in business, but luck has also been important. China and the US account for over half of exports from Taiwan, which has been an advantage during the Asian financial crisis. Taiwan has also invested in South East Asia, and devaluations there have cut labor costs. Taiwan also benefits from strong foreign exchange reserves and a low level of foreign debt.

Economic development

---

Similar abstracts:

• Abstracts: The harm of patents. Obviously not: intellectual property. Mapping mankind
• Abstracts: The mystery of growth. Another world. Base metals, base exports
• Abstracts: A very Birtish coup. The dirt on Birt
• Abstracts: An elegant piece of research. Truly selfish genes. Breaking the code
• Abstracts: Ready or not, here comes EMU. The high road: European interest rates

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.