Past and present economic development in the Republic of China has provided a model for a successful experiment whereby a society under a workable economic and social system with very limited natural resources makes the most of what it has. Yet, the momentum of the development will not permit the R.O.C. to rest at its present stage or to reminisce about past achievements. Clearly, many more stages of economic development lie ahead. Other industrially advanced nations that operate under similar limitations, such as the Netherlands, Sweden, and Switzerland, have higher per capita income, better quality of life, and a more comprehensive infrastructure. The experience of those countries suggests that, despite its limited resources, there is no limit to the economic development that Taiwan can achieve.
Paul S. Hsu,
International Trade and Investment Regulation: Developing Jurisprudence in Taiwan,
Mich. J. Int'l L.
Available at: https://repository.law.umich.edu/mjil/vol11/iss2/6