TAIWAN AS AN ECONOMIC MIRACLE

  • P. M. Ignatiev Educational and Scientific Institute of International Relations of Taras Shevchenko National University of Kyiv

Abstract

Abstract. Taiwan is actually ‘overshadowed’ by China and, therefore, has to uphold a sizable defence budget. On the other hand, this small island attracted considerable investments during the Japanese colonial rule in 1895-1945 and after 1949 when the Kuomintang was finally defeated in the civil war and many representatives of the business circles en masse fled from the mainland. The article considers the reasons for the Taiwanese economic miracle that did happen in this barren mountanius territory despite its limited local agriculture developing in a few productive areas and the deficiency of natural resources being suitable for commercial exploitation.
Key words: Taiwan, China, technologies, semiconductors, airlines, free economic zones, ports, tourism.



Author Biography

P. M. Ignatiev , Educational and Scientific Institute of International Relations of Taras Shevchenko National University of Kyiv

Doctor of Political Science, Professor at the Chair of International Regional Studies 
 


Published
2022-01-10