
Using Taiwan as a case study, this book explores questions facing the developing How does a small nation short on natural resources manage to develop at a rapid rate conomically? How does such a nation continue its high rate of economic development when its labor force is, in general, no longer inexpensive? What are the relevant issues, obstacles and advantages to be dealt with in newly industrialized economies? How do the nation's public and private sector leaders see the increase in economic development for themselves?
This book investigates the mechanisms and strategic policies that enabled Taiwan to transition into a highly developed industrialized economy despite a significant lack of natural resources. Yuan-li Wu, an economist with extensive experience in international development and policy analysis, utilizes Taiwan as a primary case study to examine the intersection of public policy, private sector initiative, and labor market evolution. The text provides a framework for understanding how newly industrialized economies navigate the transition from low-cost labor models to high-value production systems.
What You Will Find
Scope Limits
Experts recognize this work as a significant contribution to the study of the East Asian economic miracle. Readers frequently note the academic rigor and the clarity with which the author addresses the structural challenges of rapid industrialization.
Page Count:
138
Publication Date:
1985-01-01
Publisher:
Praeger
ISBN-10:
0030045886
ISBN-13:
9780030045882
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