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Taiwan Miracle
The Taiwan Miracle () or Taiwan Economic Miracle refers to the rapid industrialization and economic growth of Taiwan during the latter half of the twentieth century. As it developed alongside Singapore, South Korea and Hong Kong, Taiwan became known as one of the "Four Asian Tigers". Background After a period of hyperinflation in the late 1940s when the Kuomintang-led government of the Republic of China military regime of Chen Yi overprinted the Taiwanese dollar against the previous Taiwanese yen in the Japanese era, it became clear that a new and stable currency was needed. Along with the $4 billion in financial aid and soft credit provided by the US (as well as the indirect economic stimulus of US food and military aid) over the 1945–1965 period, Taiwan had the necessary capital to restart its economy. Further, the Kuomintang government instituted many laws and land reforms that it had never effectively enacted on mainland China. A land reform law, inspired by the same ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taiwan
Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south. The territories controlled by the ROC consist of 168 islands, with a combined area of . The main island of Taiwan, also known as ''Formosa'', has an area of , with mountain ranges dominating the eastern two-thirds and plains in the western third, where its highly urbanised population is concentrated. The capital, Taipei, forms along with New Taipei City and Keelung the largest metropolitan area of Taiwan. Other major cities include Taoyuan, Taichung, Tainan, and Kaohsiung. With around 23.9 million inhabitants, Taiwan is among the most densely populated countries in the world. Taiwan has been settled for at least 25,000 years. Ancestors of Taiwanese indigenous peoples settled the isla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrialization
Industrialisation ( alternatively spelled industrialization) is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive re-organisation of an economy for the purpose of manufacturing. Historically industrialization is associated with increase of polluting industries heavily dependent on fossil fuels. With the increasing focus on sustainable development and green industrial policy practices, industrialization increasingly includes technological leapfrogging, with direct investment in more advanced, cleaner technologies. The reorganization of the economy has many unintended consequences both economically and socially. As industrial workers' incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth. Moreover, family structures tend to shift as extended families tend to no longer live ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Changhua County
Changhua County (Mandarin Pinyin: ''Zhānghuà Xiàn''; Wade-Giles: ''Chang¹-hua⁴ Hsien⁴''; Hokkien POJ: ''Chiang-hòa-koān'' or ''Chiong-hòa-koān'') is the smallest county on the main island of Taiwan by area, and the fourth smallest in the country. With a total population of 1.3 million, Changhua County is the most populous county in the Republic of China. Its capital is Changhua City and it is part of the Taichung–Changhua metropolitan area. History Early history There are 32 prehistoric burial sites in Changhua that date back 5000 years. The original name of the area was ''Poasoa'' (), so-named by the local indigenous tribes. Poasoa used to be inhabited primarily by the Babuza people, who have since been mostly assimilated by the Han people. Qing dynasty Qing rule in Taiwan began in 1683, and in 1684, Taiwan Prefecture was established to administer Taiwan under Fujian Province. The prefecture consisted of three counties: , and Zhuluo. Poasoa and modern-day Cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit (finance)
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidies
A subsidy or government incentive is a form of financial aid or support extended to an economic sector (business, or individual) generally with the aim of promoting economic and social policy. Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs or as implicit subsidies. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer. Producer/production subsidies ensure producers are better off by either supplying market price support, direct support, or payments to factors of production. Consumer/consumption subsidies commonly reduce the price of goods and services to the consumer. For example, in the US at one time it was cheaper to buy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pha̍k-fa-sṳ
Pha̍k-fa-sṳ is an orthography similar to Pe̍h-ōe-jī and used to write Hakka, a variety of Chinese. Hakka is a whole branch of Chinese, and Hakka dialects are not necessarily mutually intelligible with each other, considering the large geographical region. This article discusses a specific variety of Hakka. The orthography was invented by the Presbyterian church in the 19th century. The Hakka New Testament published in 1924 is written in this system. Writing system Pha̍k-fa-sṳ uses a modified Latin alphabet (an additional double-dotted ṳ for the close central unrounded vowel //) and some diacritics for tones. A single hyphen is added to indicate a compound. History Shortly after the missionaries of the Basel Missionary Society, Reverend Theodore Hamberg and Rudolf Lechler arrived in China in 1847, Hamberg and his colleagues began compiling the Hakka to English to Hakka to German dictionaries. Lechler was initially allocated the evangelizing work amongst the Shantou p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hui (informal Loan Club)
Hui () refers to a group-based rotating saving and credit scheme that is popular among many immigrant and migrant communities throughout the United States and in Taiwan. ''Biao Hui'' ( 'to bid in Hui') is the Chinese verb when someone is engaging or participating in ''Hui''. Process The basic premise of the model is a group of close friends and family members coming together once a month and contributing a fixed amount of the money into a money pool. Every time, one member of the group will be chosen to withdraw the entire lump sum from the pool, often for purpose of down payments towards houses or cars or to start a new business. When the same group of people comes together again in the subsequent month contributing the same fixed amount, another member of the group will be chosen to take the lump sum. This process is repeated until every member in the group had a chance to withdraw the lump sum in a given month. Initiation and role of the group leader A particular ''Hui'' is usu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of The Republic Of China
The Government of the Republic of China, is the national government of the Republic of China whose ''de facto'' territory currently consists of Taiwan, Penghu, Kinmen, Matsu and other island groups in the "free area". Governed by the Democratic Progressive Party, the president is the head of state. The government consists of the presidency and five branches (Yuan): the Executive Yuan, Legislative Yuan, Judicial Yuan, Examination Yuan, and Control Yuan. Originally established in 1912 in Nanking, the Government of the Republic of China relocated several times before finally moving to Taipei, Taiwan in 1949 because of its military losses in the Chinese Civil War. The government has historically been dominated by the Kuomintang under the Dang Guo authoritarian regime, but the situation has changed as Taiwan evolved into a multi-party democracy. Organizational structure The government formally consists of the presidency and five branches of government, modeled on Sun Yat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Instrument
General Instrument (GI) was an American electronics manufacturer based in Horsham, Pennsylvania, specializing in semiconductors and cable television equipment. They formed in New York City in 1923 as an electronics manufacturer. During the 1950s, the company began a series of acquisitions under the direction of Moses Shapiro. Among the more notable purchases was General Transistor in 1960, which led to GI becoming a major producer of transistors, and later, integrated circuits (ICs). By the late 1960s, the company was mostly depending on sales into the television industry, which was further bolstered by the 1967 purchase of Jerrold Electronics. The company changed markets continually. Through the 1970s they focussed mostly on the off-track betting market through their purchase of American Totalisator, but this market faced significant competition in the late 1970s. At this time, GI became well known for their IC's including the CP1600 used in the Mattel Intellivision game console, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaohsiung
Kaohsiung City (Mandarin Chinese: ; Wade–Giles: ''Kao¹-hsiung²;'' Pinyin: ''Gāoxióng'') is a special municipality located in southern Taiwan. It ranges from the coastal urban center to the rural Yushan Range with an area of . Kaohsiung City has a population of approximately 2.72 million people as of May 2022 and is Taiwan's third most populous city and largest city in southern Taiwan. Since founding in the 17th century, Kaohsiung has grown from a small trading village into the political and economic centre of southern Taiwan, with key industries such as manufacturing, steel-making, oil refining, freight transport and shipbuilding. It is classified as a "Gamma −" level global city by the Globalization and World Cities Research Network, with some of the most prominent infrastructures in Taiwan. The Port of Kaohsiung is the largest and busiest harbor in Taiwan while Kaohsiung International Airport is the second busiest airport in number of passengers. The city is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross National Product
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents. Comparing GNI to GDP shows the degree to which a nation's GDP represents domestic or international activity. GNI has gradually replaced GNP in international statistics. While being conceptually identical, it is calculated differently. GNI is the basis of calculation of the largest part of contributions to the budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI (or "GNI*"). In 2017, Irish GDP was 162% of Irish Modified GNI. Comparison of GNI and GDP \mat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
