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Presented By-Vibhor Singhal (264) Ashwini Sharma Pawandeep Varun Pandi Siddhart Segal Siddhart Aggarwal Sumit Arora

The document discusses Taiwan's transformation from an agricultural to industrialized and export-oriented economy through adopting labor intensive and technology focused industries, increasing infrastructure projects and foreign investment, and focusing on high-tech sectors like electronics and aerospace which led to high GDP growth rates of over 9% annually. Taiwan liberalized its economy and privatized state companies while joining the WTO in 2001.

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78 views14 pages

Presented By-Vibhor Singhal (264) Ashwini Sharma Pawandeep Varun Pandi Siddhart Segal Siddhart Aggarwal Sumit Arora

The document discusses Taiwan's transformation from an agricultural to industrialized and export-oriented economy through adopting labor intensive and technology focused industries, increasing infrastructure projects and foreign investment, and focusing on high-tech sectors like electronics and aerospace which led to high GDP growth rates of over 9% annually. Taiwan liberalized its economy and privatized state companies while joining the WTO in 2001.

Uploaded by

rahulgargh
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© Attribution Non-Commercial (BY-NC)
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PRESENTED BY-

VIBHOR SINGHAL(264)
ASHWINI SHARMA
PAWANDEEP
VARUN PANDI
SIDDHART SEGAL
SIDDHART AGGARWAL
SUMIT ARORA
INTRODUCTION

• Small island country between East China Sea and


South China Sea
• Export oriented country.
• Formally known as republic of China.
• Prototype for other developing nation
• Viewed as a newly industrialization country (NIC).
 Changed from Agricultural to industrialized
economy.
 Introduced labour intensive technology.
 Increased export of more heavy industry.
 Technology intensive product.
 GDP rose at annual average of 9.5% increased terms.
 Overcome the slump by adopting a successful
economic stabilizing project.
 Increased major infrastructure project.
 Encouraged foreign investment.
 Value of trade increased six folds.
 Large trade surpluses and build up considerable
foreign exchange.
 It experienced a 5% GDP growth rate
 Changed from agricultural commodities to 90%
industrial goods.
 Focused on High Tech Sectors.
 Electronic and information
 High technology material sciences.
 Energy sciences.
 Aeronautical engineering.
 Genetic engineering.
 Optimum utilization .
 Judicious balance and cooperation.
 Sound financial system.
 Rapid economic growth and economic
equality.
 In 2001 Taiwan joined WTO.
 Export-driven economy with gradually decreasing state
involvement in investment and foreign trade.
 Agriculture constitutes only 2 percent of GDP, down
from 35 percent .
 Privatization of large companies and government
banks.
 Taiwan has been excluded from this greater economic
integration, largely for reasons of diplomacy.
 Increasing dependent on the PRC economy.
 Exports are down 27% year-on-year, contributing to a
4% contraction of the island's GDP in 2009.
• POLITICAL FACTORS
- Taiwan Government adopts the Capitalism + Export
Oriented industry.

• ECONOMICAL FACTORS
- Sound Financial System
- Experienced 5% GDP Growth rate in 1998
- Economy transformed from Agriculture to Industrial economy.

• SOCIAL FACTORS
- Strained relations with China.
- Open-minded to foreign products and services but for
some
products TW government still put its restriction
 TECHNOLOGICAL FACTORS
- Higher Technological Base.
- Taiwan is viewed as Newly Industrialized Country (NIC).

 LEGAL FACTORS
- Authorities encouraged Foreign Investments.

 ENVIRONMENTAL FACTORS
- Land Reform program with emphasis on raising Agricultural
Productivity.
- Self sufficient in Rice Production.

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