1. Taiwan Economic Development
LECTURER: JACK WU
吳文傑

2. How big is Taiwan’s Economy (GDP)?
Ranking
Country 1
USA 11
Canada 21
Iran 2
China 12
Australia 22
Sweden 3
Japan 13
Spain 23
Norway 4
Germany 14
Mexico 24
Poland 5
France 15
Korea 25
Belgium 6 UK 16
Indonesia 26
Argentina 7
Brazil 17
Turkey 27
Taiwan 8
Russia 18
Netherlands 28
Austria 9
Italy 19
Saudi Arabia 29
South Africa 10
India 20
Switzerland 30
UAE

3. GDP Per Capita 2012 GDP per capita (nominal) GDP per capita
(Purchasing Power Parity)
Singapore
51162
60410
Japan
46736
36266
Hong Kong
36667
51494
South Korea
23113
32272
Taiwan
20328
38749
Malaysia
10304
16922
China
6076
9162
Thailand
5678
10126

4. GDP Per Capita (PPP) world ranking 2012
GDP (PPP)
GDP(PPP)
3. Singapore
60410
19. Taiwan
38749
5. Hong Kong
51494
20. Belgium
37883
6. USA
49922
21. Denmark
37657
8. Switzerland
45418
22. UK
36941
9. Canada
42734
23. Finland
36395
10. Australia
42640
24. Japan
36266
11. Austria
42409
25. France
35548
15. Netherlands
41400
26. Israel
32312
18. Germany
39028
27. Korea
32272

5. Credit Suisse Ranking of Net Wealth of Middle Class
1. Australia
11.Austria
21 Arab Emirates
2. Luxembourg
12.Canada
22. Taiwan
3. Japan
13. France
23. Germany
4. Italy
14.Norway
24.Sweden
5. Belgium
15.Finland
25. Cyprus
6. UK1
16.New Zealand
26. Kuwait
7. UK2
17. Netherlands
27. USA
8. Iceland
18.Ireland
9. Singapore
19.Qater
10. Switzerland
20.Spain

6. Global Competitiveness Index
1-10
11-20
21-30
Switzerland
Norway
Australia
Singapore
Taiwan
Luxembourg
Finland
Qatar
France
Germany
Canada
Malaysia
USA
Denmark
Korea
Sweden
Austria
Brunei
Hong Kong
Belgium
Israel
Netherlands
New Zealand
Ireland
Japan
United Arab Emirates
China UK
Saudi Arabia
Puerto Rico

7. Income Distribution and Government Debt
Gini Coefficient(%)
Debt Ratio (%)
Singapore 48
111.4
Japan 38
214.3
Hong Kong 53 30
South Korea 31
33.7
Taiwan 34 36
Malaysia 46 55
China 47
31.7
Thailand 40
43.3

8. Income and Poverty

9. Top Export Countries Ranking Country 1 China 11 Italy 2 USA 12 Canada3
Germany 13
Spain 4
Japan 14
Singapore 5
France 15
Saudi Arabia 6
Korea 16
Mexico 7
Netherlands 17
UAE 8
Russia 18
India 9 HK 19
Switzerland 10 UK 20
Taiwan

10. Top Import Countries Ranking Country 1 USA 11 Netherlands 2 China 12
Italy 3
Germany 13
Thailand 4
Japan 14
Mexico 5 UK 15
Russia 6
France 16
Spain 7
Korea 17
Belgium 8
India 18
Switzerland 9 HK 19
Taiwan 10
Canada 20
Australia

11. Which Ones are Taiwanese Companies?
Foxconn
Hon Hai
TSMC
Formosa Plastic Co.
HTC
ACER
ASUS
Trend Micro
MASTER KONG
WANT-WANT
GIANT
SYNNEX
MAXXIS
85 C
ADVANTECH
MERIDA
D-LINK
UNI-PRESIDENT
ZYXEL
JOHNSON
CYBERLINK
TRANSCEND
DELTA
WOWPRIME

12. Major Economic Indicator of Taiwan
Year
GDP Per Capita(US$)
GDP Growth Rate(%)
Average GDP Growth Rate(10 year,%)
Unemployment Rate(%)
CPI Growth Rate(%)
AverageCPI Growth Rate(%)
Gini coefficient
Foreign reserve(billion US$)
1970
393
11.40
9.4
1.70
3.60
3.4
0.294
1975
978
4.90 -
2.40
5.20
0.312
1980
2385
7.80
9.8
1.23
19.00
10.4
0.277
1985
3290
13.50
2.91
-0.20
0.290
225.6
1990
8124
3.80
7.7
1.67
4.10
3.1
724.4
1995
12918
6.38
1.79
3.70
0.317
903.1
2000
14704
5.80
6.2
2.99
1.30
2.6
0.326
1067.4
2001
13147
-1.65
4.57
-0.01
0.350
1222.1
2002
13404
5.26
5.17
0.345
1616.6
2003
13773
3.67
4.99
-0.28
0.343
2066.3
2004
15012
6.19
4.44
1.62
0.338
2417.4
2005
16051
4.70
4.13
2.30
0.340
2532.9
2006
16491
5.44
3.91
0.60
0.339
2661.5
2007
17154
5.98
1.80
2703.0
2008
17399
0.73
4.14
3.53
0.341
2917.1
2009
16359
-1.87
3.2
5.85
-0.87
0.9
3482.0
2010
18503
4.72
5.21
-0.96
0.342
3820.1
2011
20006
4.07
5.39
1.42
3855.5
2012
20386
1.32
4.24
1.93
4031.7
Source: Directorate-General of Budget, Accounting and Statistics, Statistic Abstract of National Income, Executive Yuan, Taiwan.

13. Before Takeoff Japanese Colonial Era (before 1945)
KMT brought 2 million mainlanders (human capital) to Taiwan, 1949
U.S. Aid ( )

15. Golden Years Export expansion policy, Export Processing Zone, 1965-80
Second import substitute policy,
Ten Public Projects,
High-tech industry, 1980-
Financial liberalization, 1990-

17. All Patents Granted in USPTO
Country
2012
Accumulated
Japan
50677
902998
Germany
13835
360194 UK
5213
146564
France
5386
134641
Taiwan
10646
104954
Korea
13233
103895
China
4637
17284

18. After Golden Years Open direct investment in China, 1990-
Tension between Taiwan and China,
Join World Trade Organization, 2002-
Cross-strait Direct Flight, 2008-
Sign ECFA with China, 2010-

19. Current Economic Issues
Sluggish wage growth
Unequal income distribution
High housing price
Economic Reliance on China

20. Real Wage growth Rate 2000-2011 Asian Country Real wage growth rate
China
12.1%
Taiwan 0%
Korea
3.8%
Singapore
1.8%
Hong Kong
0.8%

21. China’s FDI Source (2006) Country(area) Number Rank Amount Hong Kong
269555 1
279.7 billion
Taiwan
71847 2
43.8 billion 5
USA
52211 3
53.9 billion 4
Korea
43130
34.9 billion 6
Japan
37714
57.9 billion
Virgin island
16616
57.1 billion
Singapore
15556 7
30.0 billion
Macau
10697 8
6.9 billion 11
Canada
9788 9
5.4 billion 12 UK
5359 10
13.9 billion

22. Table 1 Bilateral Trade across the Strait