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During the 1900s, both Taiwan and South Korea experienced rapid economic development driven by industrialization and export-oriented policies. Following Japanese colonial rule, Taiwan underwent significant infrastructure improvements and agricultural modernization, while South Korea's economy was boosted by U.S. aid and investment after the Korean War. Both regions transitioned from agrarian economies to industrial powerhouses, focusing on manufacturing and technology. Additionally, both nations implemented government-led initiatives to foster economic growth and achieve modernization.

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