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| Taiwan Miracle | |||||||||||||||||||
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| Traditional Chinese | 臺灣奇蹟 | ||||||||||||||||||
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| Taiwan Economic Miracle | |||||||||||||||||||
| Traditional Chinese | 臺灣經濟奇蹟 | ||||||||||||||||||
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The Taiwan Miracle (Chinese: 臺灣奇蹟; pinyin: Táiwān Qíjī; Pe̍h-ōe-jī: Tâi-oân Kî-chek) or Taiwan Economic Miracle refers to Taiwan's rapid economic development to a developed, high-income country during the latter half of the twentieth century. [1]
As it developed alongside South Korea, Singapore, and Hong Kong, Taiwan became known as one of the "Four Asian Tigers". Taiwan was the first developing country to adopt an export-oriented trade strategy after World War II.[2]
- ^ The phrase was apparently first used in Gold, Thomas B. (1985). State and Society in the Taiwan Miracle. Armonk, N.Y.: Armonk, N.Y. : M.E. Sharpe. ISBN 9781317459408. Archived from the original on 2023-03-28. Retrieved 2023-03-19.
- ^ Irwin, Douglas A. (2023). "Economic ideas and Taiwan's shift to export promotion in the 1950s". The World Economy. 46 (4): 969–990. doi:10.1111/twec.13395. ISSN 0378-5920. S2CID 256974921. Archived from the original on 2023-02-26. Retrieved 2023-02-26.