I did a bit research on Taiwan’s economy.
According to Wikipedia, Taiwan was ranked 19th in the world by Purchasing
Power Parity (PPP) and 18th by Gross Domestic Product (GDP), which
is pretty surprising. Well, at least it’s surprising to me. I used to think
that Taiwan would rank no more than 25th. Another point that draws
my attention is the first step of Taiwan’s economic foundation. Wikipedia said,
“The first step towards industrialization was land reforms, a crucial step in
modernizing the economy, as it created a class of landowners with capital they
can invest in future economic endeavors.” At the beginning when KKK came to
Taiwan, it’s a mass. Corruptions were everywhere. Farmers couldn't feed themselves
because the landowners took all the lands. Then the government decided to start
the land reforms. Lands were distributed to the farmers so they could grow
enough plants for themselves and exporting. It paved the way for further
economic development. Now the Taiwanese economy is solid and growing steadily. Hope
this can continue.
No comments:
Post a Comment