Taiwan Economic Miracle (Táiwān jīngjì qíjì 台湾经济奇迹)|Táiwān jīngjì qíjì 台湾经济奇迹 (Taiwan Economic Miracle)
The Taipei 101 building, the tallest building in Asia. PHOTO BY JOAN LEBOLD COHEN.
The “Taiwan economic miracle” is the island’s rapid economic growth of the last forty years. Most scholars credited the surge to implementing neoliberal principles of a free-market economy.
Since 1962 the economic growth of Taiwan has been impressive. In 1962 Taiwan had a per capita gross national product (GNP) of just $170, placing the island’s economy between
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