Taiwan started their economic development as a Japanese colony. In the late 19th century industrialisation and early 20th century industrialisation. When Taiwan became independent it became a state capitalist nation. They slowly grew their economy through small and medium sized businesses. Through the 1950s 1960s 1970s Taiwan focussed on agriculture, electrical components, and light industry. Then in the 1980s 1990s 2000s and 2010s Taiwan developed a hightech industry focussing on advanced computer chips. And today Taiwan is a rich country. But how did Taiwan become rich? And why did Taiwan become wealthy?

Credits
Research: Mrs Scope
Audio: Seb. Soto
Writing, voice over, and animation: Avery from History Scope

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Sources:
https://www.britannica.com/place/Taiw...
https://ws.ndc.gov.tw/Download.ashx?u...
https://eh.net/encyclopedia/theecono...

Books
H. Chang (2010) 23 Thing They Don’t Tell You About Capitalism. Penguin Books. London

Articles
C. Howe The Taiwan Economy: The Transition to Maturity and the Political Economy of its Changing International Status. The China Quarterly , Volume 148 , December 1996 , pp. 1171 1195
T. W Economic History of Taiwan: A Survey. Australian Economic History Review, Vol. 44, No. 3
Y. L. Lee Economic Growth and Income Inequality: the modern Taiwan experience, Journal of Contemporary China 2008, 17:55, 361374