The Economy of Taiwan

The video explores Taiwan's complex political status, its historical background, and its economic development. Despite limited international recognition, Taiwan has achieved significant economic success, driven by a strong focus on technical industries. The video also discusses the challenges Taiwan faces in international trade due to its political situation and its trade relations with Mainland China. Finally, Taiwan's economic performance is evaluated, highlighting its impressive growth and resilience.

What is the main reason for the limited international recognition of Taiwan?

• Lack of natural resources

• Geographical isolation

• Pressure from the People's Republic of China

• Its small population

When was the Republic of China, now governing Taiwan, formed?

• 1949

• 1912

• 1988

• 1937

What significant change occurred in Taiwan in 1988?

• Economic collapse

• Formation of a new government

• End of martial law

• Reunification with mainland China

What was a key factor in Taiwan's economic transformation?

• Importing cheap labor

• Smart individuals and strategic planning

• Discovery of oil reserves

• Foreign military aid

Which industry is NOT a major export of Taiwan?

• Semiconductors

• Wireless communications equipment

• Flat screen displays

• Automobiles

What is the main challenge Taiwan faces in international trade?

• High production costs

• Lack of skilled workforce

• Limited trade agreements

• Overreliance on agriculture

What is the significance of the economic cooperation framework agreement for Taiwan?

• It provides military support

• It strengthens trade ties with Mainland China

• It allows Taiwan to join the UN

• It reduces Taiwan's dependency on exports

How does Taiwan's GDP per capita compare to other countries in the region?

• It is the same as China's

• It is only surpassed by Japan and South Korea

• It is the highest in the region

• It is lower than most countries

What score does Taiwan receive for its industry according to the video?

• 8 out of 10

• 7 out of 10

• 5 out of 10

• 10 out of 10

What is considered Taiwan's greatest resource for building a prosperous economy?

• Natural resources

• Military strength

• Geographical location

• Smart and technically proficient people