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Economic Relations between Taiwan and Europe

Published online by Cambridge University Press:  25 April 2002

Robert Ash
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Extract

The Development of Taiwan's European Trade and Outward Investment in a Global Perspective

Analysis of Taiwan's economic experience since the 1950s highlights the critical importance of the external orientation of Taiwan's development strategy. In particular, foreign trade has played a pre-eminent role in generating economic growth and associated structural changes. From the late 1950s until the 1980s, in common with the other East Asian “dragon” economies (South Korea, Hong Kong and Singapore), Taiwan exhibited some of the classic hallmarks of trade dependence. Few would deny that the performance of its foreign trade sector – especially the linkages that were forged between the expansion and diversification of trade links overseas, and domestic industrial transformation and modernization – have been a key ingredient in the emergence of a “Taiwan development model.”

Type
Research Article
Information
The China Quarterly , Volume 169 , March 2002 , pp. 154 - 180
Copyright
© The China Quarterly, 2002

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Footnotes

I am indebted to Dr. Françoise Mengin (Centre d'Etudes et de Recherches Internationals, Paris) for her perceptive and constructive comments on a first draft of this paper. My thanks too to Ms. Ana Gonzalo Costellaños (China Desk, European Commission), Dr. Shin-Tsyr Jing (Chung-Hua Institution for Economic Research, Taipei) and Mr. Charles Li (Taipei Representative Office in the UK) for providing information used in the article.