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Taiwan Economy
Essay specific features
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Written by:
Marion T
Date added:
July 2, 2015
Level:
University
Grade:
A
No of pages / words:
5 / 1188
Was viewed:
6114 times
Rating of current essay:
Essay content:
The island runs a trade surplus, and foreign reserves are the world's third largest. Despite restrictions on cross-strait links, China has overtaken the US to become Taiwan's largest export market and, in 2006, its second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment...
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Strong trade performance in 2006 pushed Taiwan's GDP growth rate above 4%, and unemployment is below 4%. Consumer spending recovered following a slowdown early in 2006, when banks tightened lending to address a sharp increase in delinquent consumer debt(1). From 2006 Taiwan's GDP purchasing power was at $681...
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