Taiwan supports its powerful economy through a combination of advanced technology, a highly skilled workforce, and robust manufacturing capabilities, particularly in semiconductors and electronics. The government promotes innovation through research and development initiatives, fostering collaboration between academia and industry. Additionally, Taiwan benefits from strategic trade partnerships and investment in infrastructure, enhancing its global competitiveness and attracting foreign investment. This multifaceted approach enables Taiwan to maintain its position as a key player in the global economy.
Taiwan has a democracy with a mixed economy.
No, Taiwan does not have a command economy; it has a market economy. As of 2014, it is ranked as the 17th-freest economy in the world.
taiwan's economy is already developed, china is still proving~
Its a Command Economy!
Market economy
a free economy with few goverment regulations
American support for Taiwan The Vietnam War
Japan has the most powerful economy in Asia.
Taiwan is a stable democracy with a strong and well developed economy. tourist facilitites are widely available.
American support for Taiwan made China reluctant to improve relations with the US. The Vietnam War
Taiwan and South Korea
Taiwan's economy quickly became one of Asia's strongest.