IDEAS home Printed from https://ideas.repec.org/a/wsi/rpbfmp/v01y1998i03ns0219091598000235.html
   My bibliography  Save this article

A Century of Economic Development in Taiwan

Author

Listed:
  • Jong-Shong Lin

    (E. Sun Commercial Bank, No.77, Sec. 1, Wu-Chang St., Taipei, Taiwan, R.O.C.)

  • Stewart K. C. Leung

    (Pruman Corporation, 9 Kung-Kuang Road, 1F, Peitou, Taipei, Taiwan, R.O.C.)

  • David M. Chen

    (Department of Accounting and Graduate School of Finance, Fu-Jen Catholic University, 510 Chung Cheng Road, Hsin Chuang, Taipei Hsien, Taiwan, R.O.C.)

Abstract

This paper provides a brief summary of Taiwan's economic development in the past century in three broad stages: colonial foundations (1895-1940), dark ages (1941-1960), and reforms to miracle (1961-1994) .The historic perspective adopted here clearly indicates the strength and weakness of an export-led economy built on low-tech manufacturing. Though domestic savings and foreign reserves are high, Taiwan is short of an updated technological infrastructure and an effective financial system. Corporate strength is also rare. With a well-defined government policy allowing appropriate funds to be channeled to long-term finance to reinforce industrial banking, it is conceivable that the economy can be revitalized. Because success in industrial banking depends on initiative, efficiency and fair distribution of capital, it is imperative that a strategy of such significance be implemented by the private sector.

Suggested Citation

  • Jong-Shong Lin & Stewart K. C. Leung & David M. Chen, 1998. "A Century of Economic Development in Taiwan," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 1(03), pages 369-381.
    • Handle: RePEc:wsi:rpbfmp:v:01:y:1998:i:03:n:s0219091598000235
    DOI: 10.1142/S0219091598000235
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0219091598000235
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0219091598000235?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services
    • G3 - Financial Economics - - Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:rpbfmp:v:01:y:1998:i:03:n:s0219091598000235. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/rpbfmp/rpbfmp.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.