Globalization and the Economic Miracles in Chile and Taiwan
This chapter presents an overall model of economic and social development in Taiwan. In particular, we identify four stages in the country’s postwar development: (1) a stage-setting period during the 1950s that created the foundation for (2) the export-led boom based on light industry during the 1960s and early 1970s, which created the resources for (3) industrial upgrading from the late 1970s to the late 1980s, which was followed by (4) slower growth as economic maturity was achieved but also a “political miracle” in the form of a fairly rapid democratic transition and consolidation over the last 25 years. As we shall see, there are strong but complex linkages among these four stages. For the first three stages and for the democratization in the fourth, resources that were created in one period helped promote the transformation to the next. During the last period, in sharp contrast, the legacies of past successes have contributed to economic and political problems.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.