TaiwanEconomy |
TaiwanEconomy |
|
|
Last Updated: 5/8/03
|
|
|
|
|
|
|
|
|
Taiwan is an interesting country in
many ways. One of the most unique things about this country is the economy.
This economy has a unique compound, which is almost like here in America.
Taiwan has many imports, exports that come in and out of this country every
day. There are a variety of different things that are imported in order
to keep up technology, along with other things such as foods. Taiwan is
a highly technological place so there are many technological objects exported,
helping the economy grow. Taiwan also has many forms of transportation
for all people. One of the most important things with Taiwan's economy
is the GDP, which is the Gross Domestic Produce. Taiwan is not what it
used to be anymore, and people do different things to make a living.
|
|
Purchasing Power Parity- $288 Billion |
|
|
*Products: calculators, cement, clothing and textiles, furniture, iron and steel, plastic goods, processed foods, ships, shoes, sporting equipment, television sets, radios, and toys |
|
|
Textiles, electronics, metals, plastics,etc. : $122.9 Billion |
|
|
Raw materials, capital goods, electronics, precision instruments, etc. $107.3 Billion |
|
|
Railways, highways, pipelines, ports and harbors, merchant marine, airports, heliports, etc. |
|
|
Purchasing power parity- $ 12,441 |
|
|
Became a high leader and producer of many technologies in a very high level of technology |
GDP
(Gross Domestic Produce)
As of the year 2001 Taiwan's GDP or
Gross Domestic Produce is 288 billion dollars. What this means is that,
all of the money the entire economy was worth in a time span of one year,
in 288 billion dollars. Gross Domestic Produce is what the whole economy
has made between every person that is part of the economy. Taiwan's GDP
Per Capita, means that if the GDP where broken down, which is the 288 billion,
the amount made per person would be an average of $ 12,441. In Taiwan the
average person does not make a large sum of money,
Over the years, Taiwan's economy and financial situation have improved greatly. Originally, Taiwan was nearly entirely dependent on agriculture for their economy. Now that industry is declining, but technology is improving. In fact, Taiwan has done so well that the average Taiwanese income is equal to that of the average American income. They have low inflation and high employment rates. They are no longer the ones receiving aid from other countries, but are now giving it. Taiwan has one of the largest foreign exchanges in the world (and the third largest foreign reserves) and has trade offices in 60 countries. Taiwan's emphasis on technology can be seen from their employment statistics. 52% are in services, 38% are in industry, and only 10% are in agriculture. Transportation is fairly normal in Taiwan. They rely mainly on the use of cars, trains, airplanes, motorcycles, and buses. As can be seen, Taiwan is now a leading country as far as economy goes. As they upgraded to technology, they became a more independent country and became a bigger presence on a world level. They have gone so far from agriculture to b the biggest supplier of computer monitors in the world! Taiwan is truly making a come back.
Taiwan now faces many of the same issues
as other developed economies, for example, environmental problems. Taiwan
suffers from the sort of environmental problems such as heavy polluters
like petrochemical and plastics manufacturers. Taipei (capital of Taiwan’s
air quality is roughly three times worse than that of Los Angeles. The
crush of people also only adds to the problem. (Taiwan has the world’s
second highest population density).
 This picture
is of a computer factory in Taiwan. Taiwan is a leading supplier
of computers. |
Taiwanese money |
 This is
a line graph of Taiwanese industrial production in 1999. Production
is gradually slowing down. |
"World Geography" [Online] Available http://www.geographyiq.com
"Taiwan
Economy" [Online] Available http://www.photius.com/wfb2000/countries/taiwan