This article needs additional citations for verification. (September 2018) |
Taiwan Miracle | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Traditional Chinese | 臺灣奇蹟 | ||||||||||||||||||
| |||||||||||||||||||
Taiwan Economic Miracle | |||||||||||||||||||
Traditional Chinese | 臺灣經濟奇蹟 | ||||||||||||||||||
|
The Taiwan Miracle (Chinese: 臺灣奇蹟; pinyin: Táiwān Qíjī; Pe̍h-ōe-jī: Tâi-oân Kî-chek) or Taiwan Economic Miracle refers to Taiwan's rapid economic development to a developed, high-income country during the latter half of the twentieth century. [1]
As it developed alongside South Korea, Singapore, and Hong Kong, Taiwan became known as one of the "Four Asian Tigers". Taiwan was the first developing country to adopt an export-oriented trade strategy after World War II.[2]