The Structure and Development of Taiwan Economy

In this context, the relationship in the midst of the chinawareese government and the economy's private sector follows more than more closely the Japanese model than it does the American model.

Among the non change economies within the Pacific Basin, Taiwan is one of the few countries with a very high potential to become a middle industrial power. Among all of the Pacific Basin countries, total minute trade (both exports and imports) with the United States is second only to that of Japan (Paxton, 1990).

Taiwan has typically been successful in maintaining a balance betwixt its imports and exports. Further, the country typically imports a minimal amount of nourishment products, as it is, essentially, selfsufficient agriculturally. The country is a leading producer of both rice and sugar. In manufacturing, the country makes an motion to produce that which it consumes.

It has, however, been widely accused of violating international patents and copyrights in its employment for domestic consumption.

Agriculture accounts for approximately 18 percent of Taiwan's gross national productGNP (The World Bank, 1990). plot this reliance on agricultural production is higher than that demonstrate in the world's industrial market economies, it is much lower than that typical

Thailand 376

China (P.R.) 71% 17% 12%

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