Taiwan's Political & Economic System

TAIWAN’S POLITICAL AND ECONOMIC SYSTEM

Political Establishment
Type: Multi-party democracy
Stable
Continued relationship with China
Certain parts of Taiwan is uncertain if they should remain part of China or as an independent state

Economy
Private ownership.
Adopt a free economic system
Economy grows rapidly
Increase employment and private consumption
Free trade agreements
Small and medium-sized businesses make up a large proportion of businesses in Taiwan
Taiwan’s technological economy is striving due to it’s advancements. Companies like HTC have moved vast and beyond the boundaries of it’s nation into a world class operator which creates mobile phones for one and all to enjoy.

Economy
-Gross domestic product : $430 billion. -Unemployment :4.29%. -Services: (67.1% of GDP). - Industry (31.3% of GDP). Types: electronics and flat panel products, chemicals and petrochemicals, basic metals, machinery, textiles, transport equipment, plastics, machinery . - Trade : Exports --$274.6 billion . Types: electronics, optical and precision instruments, information and communications products, textile products, basic metals, plastic and rubber products.

Economy
Natural resources: Small deposits of coal, natural gas, limestone, marble, and asbestos.
Agriculture (1.6% of GDP): Major products --pork, rice, fruit and vegetables, flowers, sugarcane, poultry, shrimp, eel.

Conclusion
Taiwan has a stable political system and a flexible economic system
Taiwan’s attraction for investment, tourism and many others have proved investors that Taiwan is the place the gateway to a better tomorrow.

THANK YOU :D

Taiwan's Political & Economic System

by Foung Huat

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