There was nothing supernatural about them. These include the reason for the US aid, the training of the workers for the German optical lens factory and the infrastructure development by Japan to support its war efforts. In addition to these existing benefits, the decisions and actions of the policy makers fetched the unexpected results. While they formulated the policies they themselves were unsure of the consequences. Reforms were made in every sector and most importantly the policies were reviewed with changes in the business environment. Government intervention was gradually reduced as the economy matured. However, two factors that developing nations should be cautious of, include environmental degradation that comes with economic growth and unhealthy nationalism. Besides, it is not possible to replicate the strategy that Taiwan followed as not every country has the same endowments such as natural resources and human capital. Taiwan could experience growth because of the endogenous factors. Local factors have tremendous influence on growth and progress and this is evident from the case of Taiwan. The study concludes that the economic growth in Taiwan was the unintended result of innumerable efforts. Table of Contents CHAPTER I INTRODUCTION 1.1 Background 1 1.2 Motivation for the study 2 1.3 Research aims and Objectives 3 1.4 Organization of the study 3 CHAPTER II LITERATURE REVIEW 5 2.1 Introduction 5 2.2 Economic Growth Theories and models 5 2.3 Economic and Social Growth relationship 8 2.4 Social Capital 8 2.5 Measures of Progress 9 CHAPTER III RESEARCH METHODOLOGY 11 3.1 Research Philosophy 11 3.2 Research Phenomenon 11 3.3 Research Design 11 3.4 Research Strategy 12 3.5 Justification for use of Secondary Data 13 CHAPTER IV FINDINGS 15 4.1 Role of Chiang Kai-shek and KMT 15 4.2 Factors of Growth 15 4.3 Stages of development 16 4.4 Land reforms 17 4.5 Export-led growth 18 4.6 Government intervention 19 4.7 Financial reforms 20 4.8 Existing technology 20 4.9 Supporting the Private Sector 21 4.10 Educational reforms 22 4.11 Foreign aid 23 4.12 Infra structure development 23 4.13 Miracle or unintended results of human efforts 25 4.14 Lessons for Developing Nations 26 CHAPTER V CONCLUSION & RECOMMENDATIONS 29 5.1 Conclusion 29 5.2 Recommendations 31 References 32 Tables and Figures Figure: 2.1 Stages of Modernization 7 Table 4.1 Measurement of Economic Performance 25 CHAPTER I INTRODUCTION 1.1 Background Economy and society are interlinked; the growth of a nation or its economy depends upon the political factors but more importantly the social factors. This is because the society or the people of the society form the regulations and the strategies, which are again based on the demands of the common people, on the needs of the society and on the growth prospects of the nation. In other words, economic growth impacts the society in every respect. This has been endorsed by Blair and Carroll (2008) that social relationships networks can shape local economies. The societal factors can be held responsible for the closure of plants and manufacturing units in one region and opening of some units in another region. Again, if the economy is not doing well, unemployment rises which forces people to migrate to other regions. The regions where these people migrate need manpower because they have shortage of unskilled labor or they prefer to employ cheap migrant labor. Hence, in all
TAIWAN'S PROSPERITY - THE UNINTENDED RESULT OF INNUMERABLE EFFORTS ABSTRACT Taiwan’s economic growth has often been referred to as the Taiwan Economic Miracle. To determine the events that led to such phenomenal growth, with the aim to provide the developing countries some guidelines, this study was conducted…
There is increasing expectation of nurses to undertake best practice ensuring optimal patient outcomes, by conducting research, and developing their professional practice on the basis of emerging evidence from research. This is known as evidence-based-practice (EBP), which is defined by Polit and Beck (2008, p.3) as “the use of the best clinical decisions in making patient care decisions”; using the results from research conducted by nurses or other healthcare professionals.
The focus will be on the Ukraine, its current economic status, how it is faring as an outsider to the union right now and what the repercussions, for good or bad, might be should it also join the Customs Union (CU). A brief overview is given first in the introduction to set the current environment for the countries of the Customs Union, the Ukraine and its present economic situation.
alth Interview Survey on the use of complementary and alternative medicine (CAM) use in the United States revealed that as much as 38% of the American adults (> 18 years old) and roughly 12% of the children are using some type of CAM (National Center for Complementary and
On the one side, the society has allowed marriages between the individuals belonging to the same sex and even to trans-gendered, and on the other side, the political authorities and social establishment appear to be unable to
hich involving handling trade risks that call for contemporary handling of conflicts, and on the other end driven by the necessity of handling increasing number of ordinary cases in an inexpensive and streamlined manner. The policy makers, at almost all governmental levels,
companies (MNCs) guided by profit maximizing principles are making their investment bases in foreign territories but with that there automatically instill various aspects of society and environment in accordance with international productions forming a supreme position in the
The paper begins by giving an overview of what sets the base of the research study. The next section states the problem that the study is set to address based in research that has previously been done on the field of leadership. The objectives of the study are then stated in order to give an overview of the arsenal of the paper.
The researcher will be seeking out answers to the following questions: Why has the emergence of the relationship between the GCC member states and China been argued as one of the most daring developments in the world’s history? How deep is the energy and Oil cooperation between the GCC and China? What existing and future mutual interests have the two countries decided to pursue beyond Energy and Oil?
70 pages (17500 words)Thesis
Got a tricky question? Receive an answer from students like you!Try us!
Let us find you another Thesis on topic The drivers of Taiwan's economic growth between 1949-1990 for FREE!