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Economy of Taiwan

Index Economy of Taiwan

The Taiwanese Economy,which is also known as the economy of Taiwan of the Republic of China, is the 7th largest economy in Asia, and is included in the advanced economies group by the International Monetary Fund and gauged in the high-income economies group by the World Bank, and ranked 15th in the world by the Global Competitiveness Report of World Economic Forum, has a developed capitalist economy that ranks as the 22nd-largest in the world by purchasing power parity (PPP), ranks as 18th in the world by gross domestic product (GDP) at purchasing power parity per capita (person), and 24th in nominal GDP of investment and foreign trade by the Republic of China (ROC) government, commonly referred to as Taiwan. [1]

248 relations: Academia Sinica, Acer Inc., Active labour market policies, Aggregate demand, Agriculture, Asia, Asia-Pacific Economic Cooperation, Asian Development Bank, Asian Infrastructure Investment Bank, Association of Southeast Asian Nations, Asus, AU Optronics, Automation, Bank of Taiwan, Biotechnology, Brazil, Bubble tea, Carbon dioxide, Cement, Central Bank of the Republic of China (Taiwan), Central Taiwan Science Park, Changhua Coastal Industrial Park, Changhua County, Chemical substance, Chiayi, Chiayi County, Chinese Taipei, Chongqing, Chung-Hua Institution for Economic Research, Coal, Collective bargaining, Communist Party of China, Computer, Consumption (economics), Contract manufacturer, Corporate spin-off, Corporatism, Council of Agriculture, Deindustrialization, Democratization, Developed country, Direct labor cost, Directorate General of Budget, Accounting and Statistics, Discount rate, Discovery (observation), Economic Cooperation Framework Agreement, Economic planning, Economy of China, Economy of Hong Kong, Economy of Japan, ..., Economy of the European Union, Economy of the United States, Efficient energy use, Electronic component, Electronics, Electronics industry, Employment protection legislation, Environmental protection, Executive Yuan, Export-oriented industrialization, Externality, Fabless manufacturing, Family business, Financial crisis of 2007–2008, Financial services, Fitch Ratings, Flat panel display, Foreign relations of Taiwan, Foxconn, Global Competitiveness Report, Globalization, Government Information Office, Executive Yuan, Gross domestic product, Gross receipts tax, Hsinchu, Hsinchu County, Hsinchu Science Park, HTC, Hualien County, Hydroelectricity, Independent Power Producer, Indirect tax, Indonesia, Industrial park, Industrial policy, Industrial production, Industrial Technology Research Institute, Industry, Industry 4.0, Information and communications technology, Information technology, Information Technology Agreement, Innovation, Innovation management, Institute for Information Industry, Institute of Economics, Academia Sinica, Integrated circuit, International Chamber of Commerce, International Monetary Fund, Iron, Kaohsiung, Kaohsiung Science Park, Keelung, Kingdom of Tungning, Kinmen, Kuomintang, Learning curve, Lianjiang County, Light-emitting diode, Limestone, Linhai Industrial Park, Liquid-crystal display, List of banks in Taiwan, List of companies of Taiwan, List of countries by GDP (nominal), List of countries by GDP (nominal) per capita, List of countries by GDP (PPP), List of countries by GDP (PPP) per capita, List of metropolitan areas in Taiwan, List of Taiwanese automakers, London Metal Exchange, Machine (mechanical), Made in Taiwan, Mainland China, Malaysia, Manufacturing, Market failure, Martial law in Taiwan, Mechanization, MediaTek, Medication, Mega International Commercial Bank, Metal, Miaoli County, Milk, Minimum wage in Taiwan, Ministry of Economic Affairs (Taiwan), Ministry of Labor (Taiwan), Ministry of Science and Technology (Taiwan), Moody's Investors Service, Names of China, Nankang Software Park, Nantou County, Natural gas, Natural resource, New Taipei City, New Taiwan dollar, Newly industrialized country, Nonprofit organization, Nuclear power, OECD, Oil refinery, Optoelectronics, Organic compound, Original design manufacturer, Original equipment manufacturer, Overnight rate, Paid in capital, Patent, Pegatron, Penghu, Performance indicator, Petrochemical, Petroleum, Philippines, Photovoltaics, Pingtung County, Plastic, Primary sector of the economy, Product design, Prototype, Purchasing power parity, Qing dynasty, Quality of life, Renewable energy, Research and development, Retrocession Day, Revenue, Science park, Scientific method, Secondary sector of the economy, Semiconductor, Semiconductor fabrication plant, Service (economics), Severance package, Ship, Shortage, Silicon Valley, Solar thermal collector, South Korea, Southern Taiwan Science Park, Standard & Poor's, Steel, Sugarcane, Supply chain, Sustainable energy, Taichung, Tainan, Tainan Science Park, Taipei, Taipei Economic and Cultural Representative Office, Taipei–Keelung metropolitan area, Taitung County, Taiwan, Taiwan Capitalization Weighted Stock Index, Taiwan Confederation of Trade Unions, Taiwan External Trade Development Council, Taiwan Institute of Economic Research, Taiwan Livestock Research Institute, Taiwan Miracle, Taiwan Power Company, Taiwan Stock Exchange, Taiwanese people, Taoyuan, Taiwan, Tariff, Tax incentive, Taxation in Taiwan, Technocracy, Telecommunication, Ten Major Construction Projects, Tertiary sector of the economy, Textile, Thailand, The World Factbook, Trade union, Trans-Pacific Partnership, Transportation in Taiwan, TSMC, UMC (company), Unemployment, United States dollar, Universal access to education, Utility, Value added, Value chain, Value-added tax, Vehicle, Vietnam, Vocational education, Weapon, Wind turbine, World Bank, World Economic Forum, World Trade Organization, World War II, Yilan County, Taiwan, Yunlin County, 1997 Asian financial crisis. Expand index (198 more) »

Academia Sinica

Academia Sinica (Han characters: 中央研究院, literally "central research academy"; abbreviated AS), headquartered in Nangang District, Taipei, is the national academy of Taiwan.

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Acer Inc.

Acer Inc. (lit. Hongji Corporation Ltd.) is a Taiwanese multinational hardware and electronics corporation, specializing in advanced electronics technology, headquartered in Xizhi, New Taipei City, Taiwan.

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Active labour market policies

Active labour market policies (ALMPs) are government programmes that intervene in the labour market to help the unemployed find work.

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Aggregate demand

In macroeconomics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time.

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Agriculture

Agriculture is the cultivation of land and breeding of animals and plants to provide food, fiber, medicinal plants and other products to sustain and enhance life.

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Asia

Asia is Earth's largest and most populous continent, located primarily in the Eastern and Northern Hemispheres.

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Asia-Pacific Economic Cooperation

Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim member economies.

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Asian Development Bank

The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines.

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Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region.

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Association of Southeast Asian Nations

The Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organization comprising ten Southeast Asian countries that promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration amongst its members, other Asian countries, and globally.

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Asus

AsusTek Computer Inc. (stylised as ASUSTeK or ΛSUS) is a Taiwanese multinational computer and phone hardware and electronics company headquartered in Beitou District, Taipei, Taiwan.

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AU Optronics

AU Optronics (In abbreviation: AUO) is an electronics manufacturer in Taiwan, specialise on the area of TV panel manufacturing.

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Automation

Automation is the technology by which a process or procedure is performed without human assistance.

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Bank of Taiwan

The Bank of Taiwan (BOT,, see below) is a commercial bank headquartered in Taipei, Taiwan.

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Biotechnology

Biotechnology is the broad area of science involving living systems and organisms to develop or make products, or "any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use" (UN Convention on Biological Diversity, Art. 2).

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Brazil

Brazil (Brasil), officially the Federative Republic of Brazil (República Federativa do Brasil), is the largest country in both South America and Latin America.

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Bubble tea

Bubble tea (also known as pearl milk tea, bubble milk tea, boba tea, or simply boba) (with tapioca balls it is) is a Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s.

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Carbon dioxide

Carbon dioxide (chemical formula) is a colorless gas with a density about 60% higher than that of dry air.

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Cement

A cement is a binder, a substance used for construction that sets, hardens and adheres to other materials, binding them together.

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Central Bank of the Republic of China (Taiwan)

The Central Bank of the Republic of China (CBC), known in English from 1924 to 2007 as the Central Bank of China, is the central bank of the Republic of China, now commonly known as Taiwan.

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Central Taiwan Science Park

The Central Taiwan Science Park (CTSP) is an industrial park in Taiwan.

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Changhua Coastal Industrial Park

Changhua Coastal Industrial Park (simply 彰濱工業區, Changbin) is located in the seacoast of Changhua County of Taiwan.

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Changhua County

Changhua County is the smallest county on the main island of Taiwan by area, and the fourth smallest in the country.

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Chemical substance

A chemical substance, also known as a pure substance, is a form of matter that consists of molecules of the same composition and structure.

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Chiayi

Chiayi, officially known as Chiayi City and sometimes as Chia-I, is a provincial city located in the plains of southwestern Taiwan.

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Chiayi County

Chiayi County is a county in southwestern Taiwan surrounding but not including Chiayi City.

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Chinese Taipei

"Chinese Taipei" is the name for Taiwan designated in the Nagoya Resolution whereby the Republic of China (ROC) and the People's Republic of China (PRC) recognize each other when it comes to the activities of the International Olympic Committee.

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Chongqing

Chongqing, formerly romanized as Chungking, is a major city in southwest China.

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Chung-Hua Institution for Economic Research

The Chung-Hua Institution for Economic Research (CIER) is a Taiwan-based international policy think tank for economic and industry-related research.

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Coal

Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams.

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Collective bargaining

Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights for workers.

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Communist Party of China

The Communist Party of China (CPC), also referred to as the Chinese Communist Party (CCP), is the founding and ruling political party of the People's Republic of China.

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Computer

A computer is a device that can be instructed to carry out sequences of arithmetic or logical operations automatically via computer programming.

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Consumption (economics)

Consumption is the process in which consumers (customers or buyers) purchase items on the market.

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Contract manufacturer

A contract manufacturer ("CM") is a manufacturer that contracts with a firm for components or products.

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Corporate spin-off

A corporate spin-off, also known as a spin-out, or starburst, is a type of corporate action where a company "splits off" a section as a separate business.

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Corporatism

Corporatism is the organization of a society by corporate groups and agricultural, labour, military or scientific syndicates and guilds on the basis of their common interests.

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Council of Agriculture

The Council of Agriculture (COA) is the official government body in the Republic of China (Taiwan) under the Executive Yuan in charged with overseeing affairs related to agriculture, forestry, fishery, animal husbandry and food affairs.

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Deindustrialization

Deindustrialization or deindustrialisation is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially heavy industry or manufacturing industry.

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Democratization

Democratization (or democratisation) is the transition to a more democratic political regime.

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Developed country

A developed country, industrialized country, more developed country, or "more economically developed country" (MEDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations.

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Direct labor cost

Direct labor cost is a part of wage-bill or payroll that can be specifically and consistently assigned to or associated with the manufacture of a product, a particular work order, or provision of a service.

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Directorate General of Budget, Accounting and Statistics

The Directorate General of Budget, Accounting and Statistics (DGBAS) is a branch of the Executive Yuan of the Republic of China (Taiwan), performs the role of both a comptroller for the government and census bureau.

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Discount rate

Discount rate may refer to.

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Discovery (observation)

Discovery is the act of detecting something new, or something "old" that had been unrecognized as meaningful.

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Economic Cooperation Framework Agreement

The Economic Cooperation Framework Agreement (ECFA) is a preferential trade agreement between the governments of the People's Republic of China (mainland China, commonly "China") and the Republic of China (known as "Taiwan") that aims to reduce tariffs and commercial barriers between the two sides.

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Economic planning

Economic planning is a mechanism for the allocation of resources between and within organizations which is held in contrast to the market mechanism.

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Economy of China

The socialist market economy of the People's Republic of China is the world's second largest economy by nominal GDP and the world's largest economy by purchasing power parity according to the International Monetary Fund (IMF), although China's National Bureau of Statistics denies the latter assessment.

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Economy of Hong Kong

As one of the world's leading international financial centres, Hong Kong's service-oriented economy is characterized by its low taxation, almost free port trade and well established international financial market.

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Economy of Japan

The economy of Japan is a highly developed and market-oriented economy.

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Economy of the European Union

The European Union is the second largest economy in the world in nominal terms and according to purchasing power parity (PPP).

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Economy of the United States

The economy of the United States is a highly developed mixed economy.

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Efficient energy use

Efficient energy use, sometimes simply called energy efficiency, is the goal to reduce the amount of energy required to provide products and services.

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Electronic component

An electronic component is any basic discrete device or physical entity in an electronic system used to affect electrons or their associated fields.

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Electronics

Electronics is the discipline dealing with the development and application of devices and systems involving the flow of electrons in a vacuum, in gaseous media, and in semiconductors.

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Electronics industry

The electronics industry, especially meaning consumer electronics, emerged in the 20th century and has now become a global industry worth billions of dollars.

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Employment protection legislation

Employment protection legislation (EPL) includes all types of employment protection measures, whether grounded primarily in legislation, court rulings, collectively bargained conditions of employment, or customary practice.

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Environmental protection

Environmental protection is a practice of protecting the natural environment on individual, organization controlled or governmental levels, for the benefit of both the environment and humans.

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Executive Yuan

The Executive Yuan is the executive branch of the government of the Republic of China on Taiwan.

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Export-oriented industrialization

Export-oriented industrialization (EOI) sometimes called export substitution industrialization (ESI), export led industrialization (ELI) or export-led growth is a trade and economic policy aiming to speed up the industrialization process of a country by exporting goods for which the nation has a comparative advantage.

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Externality

In economics, an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit.

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Fabless manufacturing

Fabless manufacturing is the design and sale of hardware devices and semiconductor chips while outsourcing the fabrication (or "fab") of the devices to a specialized manufacturer called a semiconductor foundry.

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Family business

A family business is a commercial organization in which decision-making is influenced by multiple generations of a family — related by blood or marriage or adoption — who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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Financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.

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Fitch Ratings

Fitch Ratings Inc.

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Flat panel display

Flat-panel displays are electronic viewing technologies used to enable people to see content (still images, moving images, text, or other visual material) in a range of entertainment, consumer electronics, personal computer, and mobile devices, and many types of medical, transportation and industrial equipment.

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Foreign relations of Taiwan

The foreign relations of the Republic of China (ROC), referred to by many states as Taiwan, are the relations between the Republic of China and other countries.

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Foxconn

Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group, is a multinational electronics contract manufacturing company with its headquarters in Tucheng, New Taipei, Taiwan.

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Global Competitiveness Report

The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum.

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Globalization

Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide.

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Government Information Office, Executive Yuan

The Government Information Office, Executive Yuan (GIO) was a cabinet-level agency of the Executive Yuan of the Republic of China in charge of promoting government policies and regulating domestic media.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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Gross receipts tax

A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source.

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Hsinchu

Hsinchu officially known as Hsinchu City, is a provincial city in northern Taiwan.

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Hsinchu County

Hsinchu County is a county in north-western Taiwan.

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Hsinchu Science Park

The Hsinchu Science Park is an industrial park established by the government of the Republic of China (Taiwan) on December 15, 1980 to foster cutting edge state of the art scientific and technological innovation.

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HTC

HTC Corporation (High Tech Computer Corporation) is a Taiwanese consumer electronics company headquartered in Xindian District, New Taipei City, Taiwan.

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Hualien County

Hualien County has the largest area of all counties in Taiwan, and is located on the island's mountainous eastern coast.

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Hydroelectricity

Hydroelectricity is electricity produced from hydropower.

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Independent Power Producer

An independent power producer (IPP) or non-utility generator (NUG) is an entity, which is not a public utility, but which owns facilities to generate electric power for sale to utilities and end users.

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Indirect tax

An indirect tax (such as sales tax, per unit tax, value added tax (VAT), or goods and services tax (GST)) is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the consumer).

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Indonesia

Indonesia (or; Indonesian), officially the Republic of Indonesia (Republik Indonesia), is a transcontinental unitary sovereign state located mainly in Southeast Asia, with some territories in Oceania.

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Industrial park

An industrial park (also known as industrial estate, trading estate) is an area zoned and planned for the purpose of industrial development.

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Industrial policy

The industrial policy of a country, sometimes denoted IP, is its official strategic effort to encourage the development and growth of part or all of the manufacturing sector as well as other sectors of the economy.

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Industrial production

Industrial production is a measure of output of the industrial sector of the economy.

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Industrial Technology Research Institute

The Industrial Technology Research Institute (ITRI) is a technology R&D institution aiming to innovate a better future for society in Taiwan.

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Industry

Industry is the production of goods or related services within an economy.

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Industry 4.0

Industry 4.0 is a name for the current trend of automation and data exchange in manufacturing technologies.

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Information and communications technology

Information and communication technology (ICT) is another/extensional term for information technology (IT) which stresses the role of unified communications and the integration of telecommunications (telephone lines and wireless signals), computers as well as necessary enterprise software, middleware, storage, and audio-visual systems, which enable users to access, store, transmit, and manipulate information.

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Information technology

Information technology (IT) is the use of computers to store, retrieve, transmit, and manipulate data, or information, often in the context of a business or other enterprise.

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Information Technology Agreement

The Information Technology Agreement (ITA) is an agreement enforced by the World Trade Organization (WTO) and concluded in the Ministerial Declaration on Trade in Information Technology Products in 1996, and entered into force 1 July 1997.

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Innovation

Innovation can be defined simply as a "new idea, device or method".

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Innovation management

Innovation management is a combination of the management of innovation processes, and change management.

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Institute for Information Industry

The Institute for Information Industry (III;, abbreviated) was established in 1979 as a Non-Governmental Organization (NGO) through the joint efforts of public and private sectors, to support the development/applications of the information industry as well as the information society in Taiwan under the supervision of the Republic of China Ministry of Economic Affairs.

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Institute of Economics, Academia Sinica

Institute of Economics, Academia Sinica (IEAS) was officially established 1 February 1970, after nearly seven years of preparation.

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Integrated circuit

An integrated circuit or monolithic integrated circuit (also referred to as an IC, a chip, or a microchip) is a set of electronic circuits on one small flat piece (or "chip") of semiconductor material, normally silicon.

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International Chamber of Commerce

The International Chamber of Commerce (ICC; French: Chambre de commerce internationale) is the largest, most representative business organization in the world.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Iron

Iron is a chemical element with symbol Fe (from ferrum) and atomic number 26.

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Kaohsiung

Kaohsiung City (Hokkien POJ: Ko-hiông; Hakka: Kô-hiùng; old names: Takao, Takow, Takau) is a special municipality located in southern-western Taiwan and facing the Taiwan Strait.

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Kaohsiung Science Park

The Kaohsiung Science Park, also known as Luzhu Science Park, is located in Luzhu District, Kaohsiung, Taiwan.

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Keelung

Keelung, officially known as Keelung City, is a major port city situated in the northeastern part of Taiwan.

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Kingdom of Tungning

The Kingdom of Tungning or Kingdom of Formosa was a government that ruled part of southwestern Formosa (Taiwan) between 1661 and 1683.

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Kinmen

Kinmen or Quemoy (see also "Names" section below), officially Kinmen County, is a group of islands, governed by the Republic of China (ROC), which is located just off the southeastern coast of mainland China, including Great Kinmen, Lesser Kinmen, Wuqiu and several surrounding islets.

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Kuomintang

The Kuomintang of China (KMT; often translated as the Nationalist Party of China) is a major political party in the Republic of China on Taiwan, based in Taipei and is currently the opposition political party in the Legislative Yuan.

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Learning curve

A learning curve is a graphical representation of how an increase in learning (measured on the vertical axis) comes from greater experience (the horizontal axis); or how the more someone (or thing) does something, the better they get at it.

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Lianjiang County

Lianjiang (BUC: Lièng-gŏng) is a suburban county of Fuzhou on the eastern coast of Fujian province, People's Republic of China.

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Light-emitting diode

A light-emitting diode (LED) is a two-lead semiconductor light source.

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Limestone

Limestone is a sedimentary rock, composed mainly of skeletal fragments of marine organisms such as coral, forams and molluscs.

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Linhai Industrial Park

The Linhai Industrial Park is an industrial park located in Siaogang District and Cianjhen District of Kaohsiung, Taiwan.

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Liquid-crystal display

A liquid-crystal display (LCD) is a flat-panel display or other electronically modulated optical device that uses the light-modulating properties of liquid crystals.

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List of banks in Taiwan

This is a list of banks in Taiwan, including the government-owned banks of the Taiwan (ROC).

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List of companies of Taiwan

Taiwan, is a state in East Asia.

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List of countries by GDP (nominal)

Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year.

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List of countries by GDP (nominal) per capita

The world sorted by their gross domestic product per capita at nominal values.

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List of countries by GDP (PPP)

This article includes a list of countries by their forecasted estimated gross domestic product based on purchasing power parity, abbreviated GDP (PPP).

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List of countries by GDP (PPP) per capita

Three lists of countries below calculate gross domestic product (at purchasing power parity) per capita, i.e., the purchasing power parity (PPP) value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year.

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List of metropolitan areas in Taiwan

Metropolitan areas were recognized by the Taiwan government until 2010.

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List of Taiwanese automakers

This page is about auto makers in Taiwan.

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London Metal Exchange

The London Metal Exchange (LME) is the futures exchange with the world's largest market in options and futures contracts on base and other metals.

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Machine (mechanical)

Machines employ power to achieve desired forces and movement (motion).

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Made in Taiwan

The Made in Taiwan is the country of origin label affixed to products to indicate that the said product is made in Taiwan.

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Mainland China

Mainland China, also known as the Chinese mainland, is the geopolitical as well as geographical area under the direct jurisdiction of the People's Republic of China (PRC).

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Malaysia

Malaysia is a federal constitutional monarchy in Southeast Asia.

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Manufacturing

Manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation.

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Market failure

In economics, market failure is a situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

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Martial law in Taiwan

On 19 May 1949, the Governor of Taiwan Province, Chen Cheng, and the Ministry of National Defense of the Republic of China (ROC) promulgated the "Order of Martial Law" to announce the imposition of Taiwan martial law.

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Mechanization

Mechanization or mechanisation (British English) is the process of changing from working largely or exclusively by hand or with animals to doing that work with machinery.

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MediaTek

MediaTek Inc. is a Taiwanese fabless semiconductor company that provides chips for wireless communications, High-definition television, handheld mobile devices like smartphones and tablet computers, navigation systems, consumer multimedia products and Digital subscriber line services as well as optical disc drives.

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Medication

A medication (also referred to as medicine, pharmaceutical drug, or simply drug) is a drug used to diagnose, cure, treat, or prevent disease.

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Mega International Commercial Bank

The Mega International Commercial Bank is a subsidiary of Mega Financial Holding Company.

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Metal

A metal (from Greek μέταλλον métallon, "mine, quarry, metal") is a material (an element, compound, or alloy) that is typically hard when in solid state, opaque, shiny, and has good electrical and thermal conductivity.

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Miaoli County

Miaoli County is a county in western Taiwan.

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Milk

Milk is a white liquid produced by the mammary glands of mammals.

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Minimum wage in Taiwan

The minimum wage in Taiwan is the lowest hourly or monthly remuneration that employers may legally pay to workers in Taiwan.

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Ministry of Economic Affairs (Taiwan)

The Ministry of Economic Affairs of the Republic of China (MOEA) is the ministry of the Republic of China (Taiwan) responsible for formulating policy and laws for industry and trade, foreign direct investment, energy, minerals, measurement standards, intellectual property, state-owned enterprises.

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Ministry of Labor (Taiwan)

The Ministry of Labor of Taiwan (MOL) is a ministry of the Taiwan representing opinions of employees, political and academic circles to review labor policies, laws and regulations, as well as related projects and programs in Taiwan.

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Ministry of Science and Technology (Taiwan)

The Ministry of Science and Technology of the Republic of China (MOST) is the government ministry of the Republic of China (Taiwan) for the promotion and funding of science research and technology adaptation.

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Moody's Investors Service

Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name.

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Names of China

The names of China include the many contemporary and historical appellations given in various languages for the East Asian country known as Zhongguo (中國/中国) in its official language.

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Nankang Software Park

The Nankang Software Park (NKSP) is located in the 87-hectare Nangang Trade and Economic Park, Taipei, Taiwan.

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Nantou County

Nantou County is the second largest county of Taiwan.

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Natural gas

Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, but commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium.

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Natural resource

Natural resources are resources that exist without actions of humankind.

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New Taipei City

New Taipei City is a special municipality and the most populous city in Taiwan.

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New Taiwan dollar

New Taiwan dollar (sign: NT$; code: TWD) is the official currency of Taiwan.

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Newly industrialized country

The category of newly industrialized country (NIC) is a socioeconomic classification applied to several countries around the world by political scientists and economists.

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Nonprofit organization

A non-profit organization (NPO), also known as a non-business entity or non-profit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view.

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Nuclear power

Nuclear power is the use of nuclear reactions that release nuclear energy to generate heat, which most frequently is then used in steam turbines to produce electricity in a nuclear power plant.

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OECD

The Organisation for Economic Co-operation and Development (OECD; Organisation de coopération et de développement économiques, OCDE) is an intergovernmental economic organisation with 35 member countries, founded in 1961 to stimulate economic progress and world trade.

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Oil refinery

Oil refinery or petroleum refinery is an industrial process plant where crude oil is transformed and refined into more useful products such as petroleum naphtha, gasoline, diesel fuel, asphalt base, heating oil, kerosene, liquefied petroleum gas, jet fuel and fuel oils.

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Optoelectronics

Optoelectronics is the study and application of electronic devices and systems that source, detect and control light, usually considered a sub-field of photonics.

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Organic compound

In chemistry, an organic compound is generally any chemical compound that contains carbon.

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Original design manufacturer

An original design manufacturer (ODM) is a company that designs and manufactures a product, as specified, that is eventually rebranded by another firm for sale.

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Original equipment manufacturer

An Original Equipment Manufacturer (OEM) is a company that produces parts and equipment that may be marketed by another manufacturer.

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Overnight rate

The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market.

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Paid in capital

Paid in capital, paid-in capital or paid up capital, or contributed capital is capital that is contributed to a corporation by investors by purchase of stock from the corporation, the primary market, not by purchase of stock in the open market from other stockholders (the secondary market).

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Patent

A patent is a set of exclusive rights granted by a sovereign state or intergovernmental organization to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention.

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Pegatron

Pegatron Corporation (lit. Grand Mastery United Technology Corporation) is a Taiwanese electronics manufacturing company that develops mainly computing, communications and consumer electronics to branded vendors, but also engages in the development, design and manufacturing of computer peripherals and components.

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Penghu

The Penghu or Pescadores Islands are an archipelago of 90 islands and islets in the Taiwan Strait.

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Performance indicator

A performance indicator or key performance indicator (KPI) is a type of performance measurement.

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Petrochemical

Petrochemicals (also known as petroleum distillates) are chemical products derived from petroleum.

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Petroleum

Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earth's surface.

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Philippines

The Philippines (Pilipinas or Filipinas), officially the Republic of the Philippines (Republika ng Pilipinas), is a unitary sovereign and archipelagic country in Southeast Asia.

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Photovoltaics

Photovoltaics (PV) is a term which covers the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry.

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Pingtung County

Pingtung County is a county in Southern Taiwan known for its agriculture and tourism.

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Plastic

Plastic is material consisting of any of a wide range of synthetic or semi-synthetic organic compounds that are malleable and so can be molded into solid objects.

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Primary sector of the economy

An industry involved in the extraction and collection of natural resources, such as copper and timber, as well as by activities such as farming and fishing.

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Product design

Product design as a verb is to create a new product to be sold by a business to its customers.

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Prototype

A prototype is an early sample, model, or release of a product built to test a concept or process or to act as a thing to be replicated or learned from.

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Purchasing power parity

Purchasing power parity (PPP) is a neoclassical economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power.

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Qing dynasty

The Qing dynasty, also known as the Qing Empire, officially the Great Qing, was the last imperial dynasty of China, established in 1636 and ruling China from 1644 to 1912.

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Quality of life

Quality of life (QOL) is the general well-being of individuals and societies, outlining negative and positive features of life.

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Renewable energy

Renewable energy is energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat.

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Research and development

Research and development (R&D, R+D, or R'n'D), also known in Europe as research and technological development (RTD), refers to innovative activities undertaken by corporations or governments in developing new services or products, or improving existing services or products.

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Retrocession Day

Taiwan Retrocession Day is an annual observance and unofficial holiday in the Republic of China to commemorate the end of 50 years of Japanese rule of Taiwan and Penghu, and their handover to China on 25 October 1945.

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Revenue

In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers.

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Science park

A science park (also called a "university research park", or a "science and technology park") is defined as being a property-based development that accommodates and fosters the growth of tenant firms and that are affiliated with a university (or a government and private research bodies) based on proximity, ownership, and/or governance.

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Scientific method

Scientific method is an empirical method of knowledge acquisition, which has characterized the development of natural science since at least the 17th century, involving careful observation, which includes rigorous skepticism about what one observes, given that cognitive assumptions about how the world works influence how one interprets a percept; formulating hypotheses, via induction, based on such observations; experimental testing and measurement of deductions drawn from the hypotheses; and refinement (or elimination) of the hypotheses based on the experimental findings.

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Secondary sector of the economy

The secondary sector of the economy includes industries that produce a finished, usable product or are involved in construction.

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Semiconductor

A semiconductor material has an electrical conductivity value falling between that of a conductor – such as copper, gold etc.

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Semiconductor fabrication plant

In the microelectronics industry a semiconductor fabrication plant (commonly called a fab; sometimes foundry) is a factory where devices such as integrated circuits are manufactured.

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Service (economics)

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer.

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Severance package

A severance package is pay and benefits employees receive when they leave employment at a company.

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Ship

A ship is a large watercraft that travels the world's oceans and other sufficiently deep waterways, carrying passengers or goods, or in support of specialized missions, such as defense, research and fishing.

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Shortage

In economics, a shortage or excess demand is a situation in which the demand for a product or service exceeds its supply in a market.

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Silicon Valley

Silicon Valley (abbreviated as SV) is a region in the southern San Francisco Bay Area of Northern California, referring to the Santa Clara Valley, which serves as the global center for high technology, venture capital, innovation, and social media.

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Solar thermal collector

A solar thermal collector collects heat by absorbing sunlight.

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South Korea

South Korea, officially the Republic of Korea (대한민국; Hanja: 大韓民國; Daehan Minguk,; lit. "The Great Country of the Han People"), is a country in East Asia, constituting the southern part of the Korean Peninsula and lying east to the Asian mainland.

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Southern Taiwan Science Park

The Southern Taiwan Science Park (STSP) is a science park established by the government of Taiwan.

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Standard & Poor's

Standard & Poor's Financial Services LLC (S&P) is an American financial services company.

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Steel

Steel is an alloy of iron and carbon and other elements.

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Sugarcane

Sugarcane, or sugar cane, are several species of tall perennial true grasses of the genus Saccharum, tribe Andropogoneae, native to the warm temperate to tropical regions of South and Southeast Asia, Polynesia and Melanesia, and used for sugar production.

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Supply chain

A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

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Sustainable energy

Sustainable energy is energy that is consumed at insignificant rates compared to its supply and with manageable collateral effects, especially environmental effects.

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Taichung

Taichung, officially known as Taichung City, is a special municipality located in center-western Taiwan.

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Tainan

Tainan (Hokkien POJ: Tâi-lâm), officially Tainan City, is a special municipality of Taiwan, facing the Formosan Strait or Taiwan Strait in the west and south.

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Tainan Science Park

Tainan Science Park of Taiwan is located in Xinshi, Shanhua and Anding Districts of Tainan City with a total area of, and is a part of the Southern Taiwan Science Park (STSP).

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Taipei

Taipei, officially known as Taipei City, is the capital and a special municipality of Taiwan (officially known as the Republic of China, "ROC").

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Taipei Economic and Cultural Representative Office

The Taipei Economic and Cultural Representative Office (TECRO), also known as Taipei Economic and Cultural Office (TECO) or Taipei Representative Office (TRO), is an alternative to an embassy or a consulate which handles the foreign affairs and citizen services of the Republic of China (Taiwan) in countries that have diplomatic relations with the People's Republic of China (PRC, commonly "China").

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Taipei–Keelung metropolitan area

The Taipei–Keelung metropolitan area also commonly known as Greater Taipei Area is the largest metropolitan area in Taiwan.

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Taitung County

Taitung County is the third largest county in Taiwan, located on the island's eastern coast.

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Taiwan

Taiwan, officially the Republic of China (ROC), is a state in East Asia.

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Taiwan Capitalization Weighted Stock Index

Taiwan Capitalization Weighted Stock Index (加權指數, abbr. TAIEX) is a stock market index for companies traded on the Taiwan Stock Exchange (TWSE).

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Taiwan Confederation of Trade Unions

The Taiwan Confederation of Trade Unions (TCTU) is a national trade union center in Taiwan.

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Taiwan External Trade Development Council

The Taiwan External Trade Development Council (TAITRA) is a non-profit government co-sponsored trade promotion organization in Taiwan.

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Taiwan Institute of Economic Research

Taiwan Institute of Economic Research (TIER) is an incorporated non-profit research institute in Zhongshan District, Taipei, Taiwan.

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Taiwan Livestock Research Institute

The Taiwan Livestock Research Institute (TLRI) is a research center in Xinhua, Tainan, Taiwan.

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Taiwan Miracle

The Taiwan Miracle or Taiwan Economic Miracle refers to the rapid industrialization and economic growth of Taiwan during the latter half of the twentieth century.

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Taiwan Power Company

The Taiwan Power Company (Taipower) is a state-owned electric power industry providing electricity to Taiwan and off-shore islands of the Republic of China.

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Taiwan Stock Exchange

The Taiwan Stock Exchange Corporation (TWSE) is a financial institution, located in Taipei 101, in Taipei, Taiwan.

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Taiwanese people

Taiwanese people (Mandarin: 臺灣人 (traditional), 台湾人 (simplified); Minnan: 臺灣儂; Hakka 臺灣人 (Romanization: Thòi-vàn ngìn)) are people from Taiwan who share a common Taiwanese culture and speak Mandarin Chinese, Hokkien, Hakka, or Aboriginal languages as a mother tongue.

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Taoyuan, Taiwan

Taoyuan City (Hokkien) is a special municipality in northwestern Taiwan, neighboring New Taipei City, Hsinchu County, and Yilan County.

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Tariff

A tariff is a tax on imports or exports between sovereign states.

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Tax incentive

A tax incentive is an aspect of a country's tax code designed to incentivize or encourage a particular economic activity.

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Taxation in Taiwan

Taxes provide an important source of revenue for various levels of the Government of the Republic of China.

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Technocracy

Technocracy is a proposed system of governance where decision-makers are selected on the basis of their expertise in their areas of responsibility, particularly scientific knowledge.

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Telecommunication

Telecommunication is the transmission of signs, signals, messages, words, writings, images and sounds or information of any nature by wire, radio, optical or other electromagnetic systems.

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Ten Major Construction Projects

The Ten Major Construction Projects were the national infrastructure projects during the 1970s in Taiwan.

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Tertiary sector of the economy

The tertiary sector or service sector is the third of the three economic sectors of the three-sector theory.

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Textile

A textile is a flexible material consisting of a network of natural or artificial fibres (yarn or thread).

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Thailand

Thailand, officially the Kingdom of Thailand and formerly known as Siam, is a unitary state at the center of the Southeast Asian Indochinese peninsula composed of 76 provinces.

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The World Factbook

The World Factbook, also known as the CIA World Factbook, is a reference resource produced by the Central Intelligence Agency (CIA) with almanac-style information about the countries of the world.

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Trade union

A trade union or trades union, also called a labour union (Canada) or labor union (US), is an organization of workers who have come together to achieve many common goals; such as protecting the integrity of its trade, improving safety standards, and attaining better wages, benefits (such as vacation, health care, and retirement), and working conditions through the increased bargaining power wielded by the creation of a monopoly of the workers.

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Trans-Pacific Partnership

The Trans-Pacific Partnership (TPP) is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and United States signed on 4 February 2016, which was not ratified as required and did not take effect.

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Transportation in Taiwan

The Ministry of Transportation and Communications governs transportation in Taiwan.

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TSMC

Taiwan Semiconductor Manufacturing Company, Limited (TSMC), also known as Taiwan Semiconductor, is the world's largest dedicated independent (pure-play) semiconductor foundry, with its headquarters and main operations located in the Hsinchu Science and Industrial Park in Hsinchu, Taiwan.

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UMC (company)

United Microelectronics Corporation, commonly known as UMC, is a Taiwanese company which is based in Hsinchu, Taiwan.

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Unemployment

Unemployment is the situation of actively looking for employment but not being currently employed.

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United States dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792.

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Universal access to education

Universal access to education is the ability of all people to have equal opportunity in education, regardless of their social class, gender, ethnicity background or physical and mental disabilities.

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Utility

Within economics the concept of utility is used to model worth or value, but its usage has evolved significantly over time.

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Value added

In business, the difference between the sale price and the production cost of a product is the unit profit.

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Value chain

A value chain is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market.

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Value-added tax

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally, based on the increase in value of a product or service at each stage of production or distribution.

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Vehicle

A vehicle (from vehiculum) is a machine that transports people or cargo.

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Vietnam

Vietnam, officially the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula in Southeast Asia.

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Vocational education

Vocational education is education that prepares people to work in various jobs, such as a trade, a craft, or as a technician.

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Weapon

A weapon, arm or armament is any device used with intent to inflict damage or harm.

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Wind turbine

A wind turbine is a device that converts the wind's kinetic energy into electrical energy.

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World Bank

The World Bank (Banque mondiale) is an international financial institution that provides loans to countries of the world for capital projects.

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World Economic Forum

The World Economic Forum (WEF) is a Swiss nonprofit foundation, based in Cologny, Geneva, Switzerland.

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World Trade Organization

The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade.

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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Yilan County, Taiwan

Yilan County is a county in northeastern Taiwan.

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Yunlin County

Yunlin County is a county in western Taiwan.

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1997 Asian financial crisis

The Asian financial crisis was a period of financial crisis that gripped much of East Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion.

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Agriculture in the Republic of China, Economy of ROC, Economy of Republic of China Taiwan, Economy of taiwan, Economy of the ROC, Economy of the Republic of China, Economy of the Republic of China (Taiwan), Taiwan economy, Taiwan's economy, Taiwan/Economy, Taiwanese economy.

References

[1] https://en.wikipedia.org/wiki/Economy_of_Taiwan

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