By Steve Chan
Steve Chan and Cal Clark position Taiwan's developmental adventure within the context of latest theories from a number of social technological know-how disciplines, and clarify the possible extraordinary functionality of this island state on a few coverage dimensions akin to financial progress, political balance, social equality, welfare provision, and armed forces safety. The authors make the most of either qualitative old research and quantitative econometric modelling, and underscore the main thoughts of suppleness, foresight, and fortuna as a proof of Taiwan's particularly strange good fortune achieve household improvement and upward mobility within the overseas approach.
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Additional resources for Flexibility, Foresight and Fortuna in Taiwan's Development
3 Dependency syndrome. By the 1970s, the dependency paradigm — derived as it was primarily from the Latin American context — was itself increasingly coming under the assault of events. The success of OPEC, the decline of the military and economic hegemony of the United States, and the rapid economic growth of several East Asian developing countries all suggested that the international political economy is not nearly as rigid and deterministic as dependency theorists have implied. This did not so much resurrect the competing developmental approach, however, as stimulate two less sweeping theoretical perspectives — one focusing upon the tradeoffs between developmental goals and the other focusing upon the role of the state in actively promoting development.
1 GNP per capita (current US dollars) by year. 7% annually between 1952 and 1988. GNP growth has been fairly steady as it fell below 5% in only three years. The figures for industrial growth show a more cyclical pattern with peak values in the mid 1960s to the late 1970s and a bottoming out in the recessions of the mid 1970s and early 1980s as a result of surging oil price. Few countries, developed or developing, can match this record of rapid and sustained growth. The structural transformation of Taiwan’s economy is indicated by the major shifts in agriculture’s and industry’s shares of total production.
1978, Chase-Dunn 1975, Evans & Timberlake 1980, Jackman 1982, Kaufman et al. 1975, Mahler 1980, McGowan & Smith 1978, Ray 1981, Richardson 1976, Richardson & Kegley 1980, Rubinson 1976, Walleri 1978, Weede & Tiefenbach 1981). 3. Peripheral growth can only occur if a society becomes reliant on foreign multinational corporations (MNCs) and export markets. In the economic sphere, this leads to continued exploitation and extraction of surplus value from the periphery, a tendency that is further compounded by the core’s political domination.