TAIWAN’S POLITICAL AND ECONOMIC SYSTEM

Political Establishment

o Type: Multi-party democracyo Stableo Continued relationship with Chinao Certain parts of Taiwan is uncertain if they should remain part of China or as an independent state

Economyo Private ownership. o Adopt a free economic systemo Economy grows rapidlyo Increase employment and private

consumptiono Free trade agreementso Small and medium-sized businesses make up

a large proportion of businesses in Taiwano Taiwan’s technological economy is striving

due to it’s advancements. Companies like HTC have moved vast and beyond the boundaries of it’s nation into a world class operator which creates mobile phones for one and all to enjoy.

Economy

-Gross domestic product : $430 billion.-Unemployment :4.29%.-Services: (67.1% of GDP).- Industry (31.3% of GDP). Types: electronics and flat panel products, chemicals and petrochemicals, basic metals, machinery, textiles, transport equipment, plastics, machinery.

-Trade : Exports--$274.6 billion. Types: electronics, optical and precision instruments, information and communications products, textile products, basic metals, plastic and rubber products. 

Economy

Natural resources: Small deposits of coal, natural gas, limestone, marble, and asbestos.

Agriculture (1.6% of GDP): Major products--pork, rice, fruit and vegetables, flowers, sugarcane, poultry, shrimp, eel.

ConclusionTaiwan has a stable political system and a flexible economic system

Taiwan’s attraction for investment, tourism and many others have proved investors that Taiwan is the place the gateway to a better tomorrow.

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