The Role of the State in Taiwan's DevelopmentA 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
3 | |
Reconsidering ExportLed Growth Evidence from Firm Performance Taiwan 19831987 | 24 |
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 |
319 | |
352 | |
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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Common terms and phrases
activities agricultural auto automobile average Bank capital cars Central China Chinese coefficient companies comparative competitive countries deposits distribution domestic early economic economic development economic growth effect enterprises established estimated exchange export factors farmers farming firms force foreign function funds goals graduates growth heavy higher important improvement income increase indicates industry institutions interest investment Japanese labor land loans major manufacturing measures ment monetary occupational officials operations percent performance period political positive present private sector private university production ratio reform relatively Report result role savings share shows significant social Source South Korea Statistics strategy structure successful Table Taipei Taiwan tion trade United variables women