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The impact of the Asian financial crisis on the R.O.C., Taiwan / I-Pin Liu

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Identifier	Thesis 1571
Author	Liu, Yipin
Title	The impact of the Asian financial crisis on the R.O.C., Taiwan / I-Pin Liu
Publisher	Central Connecticut State University
Date	1999
Resource Type	Master's Thesis
Notes	From my research in the Impact of the Asian Financial Crisis on the ROC, Taiwan , I found the key to Taiwan's economic success has been its willingness to strengthen its internal market forces. When the "East Asian Financial Crisis" afflicted many Asia nations in 1997-1998, Taiwan's economy remained strong. Taiwan has transformed itself from a recipient of U.S. aid in the 1950s and early 1960s to an aid donor and major foreign investor. The ROC's development is now a model for other emerging markets around the world. Taiwan, with expected GDP growth of 6 percent in 1999, will remain one of the fastest growing economies in the world thanks to its hard working people and government. Generally speaking, Taiwan had escaped the major East Asian financial Crisis. What makes Taiwan different than its neighboring countries? Unlike Thailand, Taiwan has the means to sort out its banking woes, thanks to a deep financial conservatism rooted in insecurity over its political confrontation with China. Unlike South Korea, Which is still trying to break up its unwieldy chaebols, Taiwan's economy is powered by smaller, more agile enterprises that make whatever the world wants to buy. And unlike Indonesia , where political uncertainty is paralyzing economic recovery, Taiwan has transformed itself into one of Asia's most vibrant democracies, endowing the government with the legitimacy to lead through tough times and the people means to protest if it doesn't. These strengths kept Taiwan afloat amid the regional economic crisis-and should keep it above water now the crisis has reached its shores.
Subject	Financial crises -- Asia Asia -- Economic conditions -- 1945- Taiwan -- Economic conditions -- 1975-
Department	Department of History
Advisor	Guarino, Marie
Type	Text
Digital Format	application/pdf
Language	eng
OCLC number	45225004
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