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China - Current economic position and prospects (Vol. 2) (English)

The economy of Taiwan has continued to grow vigorously, despite the cessation of U.S. grants and the abatement of the sugar boom since 1965. Investment and exports have been the engines of growth. Post-war economic development in Taiwan has become a frequently cited example of a success. The availability of ample U.S. financial and technical assistance was, of course, essential for sparking and supporting the Republic's rapid development. An outstanding feature of the Republic's postwar development policy has been the attention paid to the rural sector. Another striking feature of the development policy is the attention paid to market opportunities, especially in exports. In general, the Republic's economic success has been due more to pragmatic development policy and strategy than any sophisticated and detailed development planning. This report presents and analyzes briefly the major developments in the Taiwan's economic and financial situation during the Fourth Plan and Fifth Plan (1965-1972), to evaluate their effects and the more remote prospects of the Taiwan's economy.




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China - Current economic position and prospects (Vol. 2) (English). Asia series,no. AS 142 Washington, D.C. : World Bank Group.