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TAIWAN – HISTORICAL AND REGIONAL PERSPECTIVES. Growth rates in the first-échelon Asian NIEs and Japan Average rate of growth of GDP (% p.a.) 1965-801980-901990-98.

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Presentation on theme: "TAIWAN – HISTORICAL AND REGIONAL PERSPECTIVES. Growth rates in the first-échelon Asian NIEs and Japan Average rate of growth of GDP (% p.a.) 1965-801980-901990-98."— Presentation transcript:

1 TAIWAN – HISTORICAL AND REGIONAL PERSPECTIVES

2 Growth rates in the first-échelon Asian NIEs and Japan Average rate of growth of GDP (% p.a.) 1965-801980-901990-98 Japan6.44.11.2 Taiwan9.98.36.5 South Korea9.99.76.2 Hong Kong8.67.14.4 Singapore10.06.48.0

3 Annual rates of growth of gross domestic investment in Japan and first-échelon Asian NIEs Average growth of gross domestic investment (% p.a.) 1965-801980-90 Middle Income countries (average)8.6- 0.1 South Korea15.912.5 Taiwan22.07.0 OECD member countries (average)3.24.3 Japan6.95.7

4 Growth of foreign trade in Japan and the former Asian NIEs Average growth rate (% p.a.) ExportsImports 1965-801980-901965-801980-90 Japan11.44.24.95.6 South Korea 27.212.815.210.8 Taiwan27.826.09.77.5 Singapore4.78.67.06.7 Hong Kong 9.16.28.311.0

5 EXPORTS & IMPORTS AS PERCENTAGE OF GDP, 1955-1990a (5-YEAR AVERAGES CENTERED ON YEARS SHOWN) Taiwan South Hong Singapore Korea Kong _____________________________________________________ 1955 22.8 12.0 n.a n.a 1960b 31.5 16.8 190.0 360.9 1965 40.6 25.9 161.5 259.2 1970 62.3 40.2 176.4 228.7 1975 87.3 64.7 165.8 300.3 1980 101.4 70.1 178.6 390.2 1985 97.5 71.5 213.6 328.0 1990c 89.9 63.0 268.8 363.7 ______________________________________________________ Notes a The ratios are estimated from data in current international prices. b For Singapore and Hong Kong, the data refer to 1960 only. c For Taiwan the data refer to 1990 only. For South Korea the data refer to averages for 1989-91.

6 Taiwan’s economic performance during the Colonial Period Index of NDP (1935-37 = 100) Index of agricultural output (1935-37 = 100) Industrial production Rail freight (mill. metric ton-km) Foreign trade Total output (1935-37 = 100) Sugar output (‘000 metric tons) Index of exports (1925 = 100) Index of imports (1925 = 100) 1906n.a.37n.a.76272536 19113645n.a.2701044458 19164050383211746251 19214151322532285174 1926606954300406105110 1931748170797496140146 193610310188902722183194 194189941118151,000145157

7 The performance of agriculture during the period of Japanese colonisation RATE OF GROWTH OF AGRICULTURAL OUTPUT (%) Crop production: Livestock production Total agricultural production Total outputSown areaUnit yield 1913-21 1.9 1.0 0.9 2.7 2.0 1921-37 4.3 1.4 2.9 3.7 4.2 1937-46- 4.4- 0.3- 4.1- 7.8- 4.9 1946-51 9.7 6.1 3.6 14.5 10.3 Pre-war 1913-37 3.5 1.3 2.2 3.4 3.5 1913-77 2.6 1.0 1.6 4.3 3.0

8 Taiwan’s trade composition – the disproportionate importance of agriculture 1900-091910-191920-291930-39 Total value of exports (m. yen) 25.4 (100) 94.2 (370.9) 224.3 (883.1) 322.7 (1,270.5) (As share of total exports) Food and live animals -of which rice -of which sugar Non-agriculture 76.2 23.2 27.8 24.8 77.3 14.5 50.6 22.7 82.9 19.1 50.6 17.1 84.5 25.9 46.8 15.5

9 Production and export of rice and sugar RiceSugar Total output (‘000 m.t.) Share of output exported (%) Share of exports to Japan (%) Total output (‘000 m.t.) Share of output exported (%) Share of exports to Japan (%) 1905-0663219.595.310693.699.6 1910-1464116.699.417691.596.7 1915-1968019.796.632898.686.4 1920-2474920.999.237999.896.0 1925-2993836.899.961896.898.7 1930-34117842.5100.080794.797.2 1935-39133948.299.2109093.992.7

10 Surplus of rice and sugar for domestic consumption after deducting exports Surplus of rice for domestic use after deduction of exports (‘000 metric tons) Surplus of rice for domestic use after deduction of exports (‘000 metric tons) 1905-06508.86.78 1910-14534.615.0 1915-19546.04.6 1920-24592.50.8 1925-29592.819.8 1930-34677.442.8 1935-39693.666.5


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