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How Taiwan Propelled China's Economic Rise: The Untold Story

Calvin Fisher

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For decades, the world has marveled at China's extraordinary economic growth. But what many don't realize is the significant role that Taiwan has played in this remarkable transformation.

The Tiger Leading the Dragon: How Taiwan Propelled China's Economic Rise

by Shelley Rigger

5 out of 5

Language	:	English
File size	:	760 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	224 pages

Taiwan's Economic Miracle

In the 1960s, Taiwan embarked on its own economic miracle, transforming itself from a struggling agricultural economy into a global manufacturing powerhouse. This growth was fueled by a combination of factors, including:

Land reform: Redistributing land to farmers, which boosted agricultural productivity.
Export-oriented industrialization: Encouraging businesses to produce goods for export, creating jobs and generating foreign exchange.
Foreign investment: Attracting foreign capital and technology, which helped modernize the economy.

As Taiwan's economy grew, it became a major trading partner with China. In the 1980s, Chinese entrepreneurs began traveling to Taiwan to learn about its economic success. They were impressed by Taiwan's modern factories, efficient infrastructure, and skilled workforce.

Cross-Strait Collaboration

In the 1990s, cross-strait relations began to thaw. This led to increased trade and investment between Taiwan and China. Taiwanese businesses invested heavily in China, establishing factories and supply chains.

This collaboration had a profound impact on China's economy. Taiwan's investments provided China with much-needed capital and technology. Taiwanese businesses also helped to train Chinese workers and improve China's manufacturing capabilities.

China's Economic Boom

In the early 2000s, China's economy began to boom. This was due in part to the country's entry into the World Trade Organization (WTO),which opened up new markets for Chinese goods.

Taiwan's continued trade and investment with China played a significant role in this boom. Taiwanese businesses helped China to integrate into the global economy. They also provided China with access to cutting-edge technology and know-how.

The Enduring Legacy

Today, Taiwan remains a major economic partner with China. Taiwanese businesses continue to invest in China, and the two countries are closely linked through trade and supply chains.

The impact of Taiwan's role in China's economic rise is undeniable. Taiwan's investments, technology, and know-how have helped to transform China into a global economic powerhouse.

The story of Taiwan's role in China's economic rise is a fascinating one. It is a story of collaboration, innovation, and the enduring legacy that one country can have on another.

This book tells the untold story of Taiwan's contribution to China's economic miracle. It is a must-read for anyone interested in the history of East Asia, the rise of China, or the global economy.