Tag: Taiwan

Taiwan

How Taiwan has become one of the leading technology powers

We could put my hand on fire by stating that all your gadgets and technological devices have been (partly or wholly) manufactured in Taiwan and we do not burn up. But not only is manufacturing: design and R & D of many products and technological components also come from there.

In fact, Taiwan is one of the most research – intensive economies worldwide. It is estimated that invests about 3 percent of its production in research and development. Much of its economic power is related to the technology industry.

With an area of 36,000 square kilometers and 23 million people (making him one of the most densely populated), Taiwan is an example of economic miracle.

An economic miracle in figures

During the last half of the twentieth century the country experienced rapid industrialization that allowed him to have a fleeting economic growth. Together with Singapore, South Korea and Hong Kong, Taiwan is one of the so-called “four Asian tigers”.

Since 1992, Taiwan’s GDP grows at an average rate of 4.5 percent, from a per capita income of $9116 in 1992 to 19,762 in 2012. Therefore, Taiwan is the 28th richest country in the world and 6th in Asia.

In addition, Taiwan has experienced a rapid expansion in international trade. Exports of goods in the country in 2012, about 99 percent were in the industrial sector.

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