Free Market Regime Research Articles

The Taiwanese "Economic Miracle"

Development economists have lauded Taiwan as the quintessential economic miracle. They point to the meteoric rate of Taiwanese industry and the distribution of income (there are no data on wealth) which is less unequal than in other semi-industrialized countries. Taiwan, in short, has achieved growth with equity under a relatively free market regime. It is thus presented as a model for other Third World nations.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.