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.

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.