The Role of the State in Taiwan's Development

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M.E. Sharpe, May 3, 1994 - Business & Economics
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A collaborative effort by Western specialists and some of Taiwan's leading social scientists, this timely study addresses the cause and effects of Taiwan's dramatic achievements in economic growth and income distribution as a market-oriented yet highly government-interventionist economy. The relevance of this success could not be more telling for other market-oriented economies as well as for the rapidly decentralizing economies of Russia, Eastern Europe, and China. Using a case-study approach, the contributors examine the transition to export-led growth, foreign trade, investment patterns, the role of financial institutions, fiscal and monetary policy, the educational and agrarian systems, and the role of women and ideology.
 

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Contents

Industrial Policy Productivity Growth and Structural Change in the Manufacturing Industries A Comparison of Taiwan and South Korea
3
Reconsidering ExportLed Growth Evidence from Firm Performance Taiwan 19831987
24
The Transition to ExportLed Growth in Taiwan
45
Taiwans Persistent Trade Surpluses The Role of Underdeveloped Financial Markets
88
Foreign Trade and Economic Growth in Taiwan
111
B Government Policy and the Development of Economic Institutions and Endowments
121
The State and the Development of the Automobile Industry in South Korea and Taiwan
123
State Policy and the Development of Taiwans Semiconductor Industry
168
Fiscal Policy and Economic Development in Taiwan A Digression on the Effects of Taxation on Income Distribution
252
Income Levels and Occupations of Public vs Private University Graduates and the Efficiency of Government Investment in Higher Education
273
SOCIAL AND POLITICAL ASPECTS OF ECONOMIC DEVELOPMENT
303
Ideological Reflections and the Inception of Economic Development in Taiwan
305
Women ExportOriented Growth and the State The Case of Taiwan
319
Attitudinal Changes of Farmers in Taiwan
352
Afterword
368
Index
373

Taiwans Financial System and the Allocation of Investment Funds
191
Monetary Policy in Taiwan Third Quarter 1961 to Fourth Quarter 1988
229

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